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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 121148  
Subject: Re: FICA question Date: 2/12/2014 4:11 PM
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My last day of employment at my previous position was December 31, 2012. My pay consisted of a base salary plus commission. My final paycheck, on January 4, 2013, consisted entirely of my base salary. On approximately January 30, 2013, the firm received revenues as a result of my employment, and paid me my commission in early February 2013. The commission payment (a little more than $400) was a check written directly to me, not going through payroll.

I have now received my 2013 W-2 from that employer. It reports both payments (as is, in my view, appropriate). FICA taxes (and California SDI) were withheld from the January 4 paycheck, but nothing was withheld from the February commission check.

Well, I'm glad you think it's appropriate for 2014 wages to be reported on a 2013 W-2, but based on that silly little called the law, it's not. Wages are taxed in the year paid, not the year earned.

I suggest you try to find someone in their payroll dept who knows something and try to get it straightened out.

Rule Your Retirement Home Fool
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