The company has withholding tax from stock options in divorce,how wud we pay the tax from the non employee ?

Question

The company has withholding tax (federal and state(CA) from stock options in divorced couple, the husband is the employee.How would the company remit the withholding tax from the wife's(non employee's) share in IRS and CA FTB?what forms need to file by the company?

Answer 1

1099-Misc, other income.

Answer 2

you're top. in case you're no longer paying taxes into the equipment then you certainly are no longer gathering social protection credit or earnings in direction of retirement. And consistent with different components, this would result your ability to qualify for Medicare. additionally the corporation will pay into the equipment besides. there is not any blanket exemption for workers of non-revenue. workers of church homes, workers of colleges who're additionally scholars, and the Amish may be the only ones no longer paying FICA taxes. additionally contractors don't have the taxes withheld from their paychecks, yet pay it with their tax return. you will in no way be required to return up with a tens of hundreds of greenbacks examine swiftly. in the event that they do elect, you will obtain time to pay up. and you'd be wanting that paid in for once you retire.

Answer 3

Your question is completely garbled