vrt suspension ?
06-24-2007, 07:19 PM
#41
Originally Posted by vqturbotec
yes i know i got screwed
Originally Posted by IRS
In determining whether the person providing service is an employee or an independent contractor, all information that provides evidence of the degree of control and independence must be considered.
It is critical that you, the employer, correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors.
Caution: If you incorrectly classify an employee as an independent contractor, you can be held liable for employment taxes for that worker, plus a penalty.
Who is an Independent Contractor?
A general rule is that you, the payer, have the right to control or direct only the result of the work done by an independent contractor, and not the means and methods of accomplishing the result.
Who is an Employee?
A general rule is that anyone who performs services for you is your employee if you can control what will be done and how it will be done.
It is critical that you, the employer, correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors.
Caution: If you incorrectly classify an employee as an independent contractor, you can be held liable for employment taxes for that worker, plus a penalty.
Who is an Independent Contractor?
A general rule is that you, the payer, have the right to control or direct only the result of the work done by an independent contractor, and not the means and methods of accomplishing the result.
Who is an Employee?
A general rule is that anyone who performs services for you is your employee if you can control what will be done and how it will be done.
06-24-2007, 07:35 PM
#42
Yep that is true. I think I know the reason why too.
An employer must withhold employment taxes from an employee's paycheck to pay for SS, withholding etc. The amount comes to around 7.65% I believe. The employer is also liable for the other half of those taxes of the same amount. So they have to pay the wages, do the withholding, and then pay the other 7.65% out of their own pocket. It appears they were 1099ing all the employees in an effort to make them appear as independant contractors who were self employed. This way, they didn't have to pay the employment taxes (saving 7.65%) and the employee is now required to pay the whole 15.3% as SELF-employment taxes. So it looks like the employees were being screwed. I hope they don't get an audit.
An employer must withhold employment taxes from an employee's paycheck to pay for SS, withholding etc. The amount comes to around 7.65% I believe. The employer is also liable for the other half of those taxes of the same amount. So they have to pay the wages, do the withholding, and then pay the other 7.65% out of their own pocket. It appears they were 1099ing all the employees in an effort to make them appear as independant contractors who were self employed. This way, they didn't have to pay the employment taxes (saving 7.65%) and the employee is now required to pay the whole 15.3% as SELF-employment taxes. So it looks like the employees were being screwed. I hope they don't get an audit.
06-24-2007, 10:06 PM
#44
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anybody want to call IRS?
1099 their employees...now he can use them as scapegoats..they dont work for VRT right.
lol
BTW
The "True" coilovers by VRT are made by some company in China/Taiwan. I bought these and eventually went back to stock cos the rear couldnt be adjusted. No point in having just front being able to adjust then car wouldnt be even
1099 their employees...now he can use them as scapegoats..they dont work for VRT right.
lol
BTW
The "True" coilovers by VRT are made by some company in China/Taiwan. I bought these and eventually went back to stock cos the rear couldnt be adjusted. No point in having just front being able to adjust then car wouldnt be even
Last edited by g-X; 06-24-2007 at 10:44 PM.
06-28-2007, 03:17 PM
#46
Originally Posted by g-X
The "True" coilovers by VRT are made by some company in China/Taiwan. I bought these and eventually went back to stock cos the rear couldnt be adjusted. No point in having just front being able to adjust then car wouldnt be even
Will
06-28-2007, 05:25 PM
#49
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Originally Posted by cubu
.....wouldn't shock me neither if this kind of person would give head to little fanboys around town, and the fanboys would in turn defend them online and be btch *** little cheerleaders to lure more unsuspecting customers...
and to think i was just jokingquote was taken from the most awesomest f'ing exhaust system on earth thread, VRT exhaust to rule all exhausts!!! https://my350z.com/forum/intake-exhaust/278887-work-done-by-vrt-part-two.html
06-28-2007, 05:38 PM
#51
