Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev | Next
Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: Pension Estimator Question Date: 7/8/2008 11:02 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
A friend retired last week and was solicited by her former boss to do some parttime work. HR told her that she could not receive a W2 and a 1090 from the same company in the same year. She has to wait until 2009. Of course, she actually retired (took the buyout offer), so maybe there's a difference.

The HR response is just classic HR treatment of anything out of the ordinary: MSU.

You cannot give an employee a 1099, but you certainly can give an individual both a 1099 and a W-2 for services performed during one calendar year. The issue in your friend's case would be whether the post-retirement service was as an employee or as an independent contractor, which is a facts and circumstances question of tax law. The person's prior employment and "retirement" status have no bearing on the determination.

Phil
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

U.S. Stable, Europe Stalling
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement