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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (4875)1/14/2009 8:59:03 AM
From: Bill1 Recommendation  Read Replies (1) of 103300
 
Apparently there is this weird IRS regulation saying that Americans (Americans only) who work for the International Monetary Fund are technically considered to be both 'employer' and 'employee' and must pay *both* halves of the F.I.C.A. tax.

The IRS admits that few people even know of the rule, (& so it's in-breach often enough that they have issued a 'be lenient' letter instructing their agents about the situation....)

Again, once he was made aware of the regulation, he paid all back amounts and all penalties and no charges were brought....

LOLOLOL!!!!!!!
That's the biggest crock I've ever read. Any employee/contractor who gets a 1099 instead of a W2 has to pay both halves of FICA. It's a time tested well understood concept that MILLIONS of taxpayers every year comply with.

Any excuse for a crooked Democrat....
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