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    1. W

      Taxes on Profit Sharing??

      I think you hit it on the head! They're not as good as you! Pretty sad that I can spend a few minutes with you and feel like I at least have an option, but my employer chooses to stuff it in our paycheck envelope, with no warning, no concern, and no alternative other than "this is the old way"...
    2. W

      Taxes on Profit Sharing??

      I do fully intend to follow your suggestion on the revising of my W4, that sounds super!! But, you will have to pardon my "whining", I got this letter yesterday morning, came home last night, searched for answers for hours, and then found you, lol. (lucky you, huh?) All of your input is...
    3. W

      Taxes on Profit Sharing??

      Hi Patty! Thanks again, you seem like a genious!! I don't know what you do in small town TX, but you are very knowledgable, and I appreciate your help! First, Is there a place for a person like myself to see these laws or methods on-line? Secondly, you wrote..... "It is not an IRS-accepted...
    4. W

      Taxes on Profit Sharing??

      RE: Taxing Bonus checks Thank you both so much!! Definately something to look into!! So, it is not a "Law", but strictly a choice? Is it easier for them to figure or something? What am I missing, lol. Why or who would want to pay more, just to get it back later? Their famous quote of the day...
    5. W

      Is a "Flat Tax" Legal on Profit Sharing Checks?

      What is the name of your state? Iowa Our company just informed us today, that they are now going to use a "flat tax" calculation method for figuring Federal and State (IA) withholdings on our bonus and profit sharing checks. They state in their letter to us, that this is mandated by the IRS? I...
    6. W

      Taxes on Profit Sharing??

      What is the name of your state? Iowa Our company just informed us today, that they are now going to use a "flat tax" calculation method for figuring Federal and State (IA) withholdings on our bonus and profit sharing checks. They state in their letter to us, that this is mandated by the IRS? I...

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