- This topic is empty.
-
AuthorPosts
-
USER
My husband is a retired sergeant and receives a pension. He’ll be starting a new job in the coming weeks as a chauffeur for a private driving company.
They informed him today he will be getting paid through Zelle.
Is this a typical form of payment? Any information regarding taxes, SS etc… when being paid through Zelle would be appreciated.
JohnIf he’s a 1099 contractor, make sure he understands how taxes work. He’ll be paying bunches of it out of his paycheck.
JaniceIt can be legitimate. Zelle offers a payroll option, but it charges a fee for the service to the company. Make sure that taxes are being calculated and deducted correctly.
Make sure you receive a copy of the paystub or a payment portal to login to to access your paystubs.
Verify they are paying your husband as a W2 employee and not a 1099 employee, as that is sometimes misused and can create additional tax liability for you.
MarcosShouldn’t matter. He’ll get a 1099 at the end of the year. I’m a leo and sometimes work details that pay literal cash but I’ll eventually get a 1099.
CarlThe best thing to do ould be to contact the employer and verify that they are taking out taxes and SS. Otherwise, not quite sure that getting paid by check, direct deposit, zelle, etc. matters…
StaceyI am paid through Zelle but I am a 1099 independent contractor.
I am emailed the equivalent of a pay stub each pay.I think just some follow up questions for him to verify – is he an employee? Will he get a stub?
Etc…
TaraIf they are considering him a 1099, make sure he is properly insured as an independent contractor. I can’t imagine how it would be legal for them to pay as an independent contractor if they are providing the vehicle and he cannot use it for other work.
Meaning they provide the jobs and the vehicle.
That’s the definition of a W2 employee. They might not realize the legality.
-
AuthorPosts
Related Topics:
- I would really like to hear if anyone else has found the HDHP/HSA to not always be a slam dunk
- One of the best feelings ever. Today I paid off my vehicle!
- I did have a CPA file the taxes but are there CPAs that specialize in rentals?
- My husband and I are about 19K from paying off our mortgage.. What would you do if you were in my boat?
- Remote worker family: move to lower COL town with family or stay in large city?
- How can I navigate financial planning for family planning, retirement, and taxes as a latecomer to financial literacy?
No related posts.