Is that even legal? I guess it would be a 1099 for that amount. I didn’t ask why. I don’t plan to do it but I’m not sure what reason to give other than I don’t want to make more work for myself.
Is that even legal? I guess it would be a 1099 for that amount. I didn’t ask why. I don’t plan to do it but I’m not sure what reason to give other than I don’t want to make more work for myself.
Yes. They just need to change their W-4. However, it won’t remove all the taxes…there will still be some base level required taxes which I don’t recall what those are exactly.