No Social Security Withheld

[arlo]

Have a 23 year old student that worked for a University. W-2 Line 1 is $1605. But they did not deduct FICA or Medicare. I called the university they say they never
withhold FICA from student employees. This is the first one of these I have seen.
Do I fill out a SE schedule and have him pay the tax? Any help would be appreciated.

[BOB W]

Do nothing>>> not subject to SS or Med.

[RitaB]

No

No, you're good to go. See TTB 5-18:

"A student of any age working for a school... exempt from FICA...if student attends classes..."



Edit: Bob, you are one fast typist.

[BOB W]

No, you're good to go. See TTB 5-18:

"A student of any age working for a school... exempt from FICA...if student attends classes..."



Edit: Bob, you are one fast typist.

I do short stories...........

[arlo]

Thanks to Bob W

I am a 74 year old Accountant, Why would I not know this? confused

[arlo]

Learning

It just goes to show you are never too old to learn.
This forum is great and you don't get hit over the head because of dumb questions.

[RitaB]

Hey, you can't know everything

I am a 74 year old Accountant, Why would I not know this? confused

Hey arlo, don't sweat it. I see something new to me all the time. I love that people on here don't treat me like a moron if I don't know everything.


Edit: OK, I see that you know this, too. What's up with the lightening speed on the typing today? LOL.

[BOB W]

I am a 74 year old Accountant, Why would I not know this? confused

You are only 7 years older than me.. But I have been on the board since it started and have learned alot during that time..... So will you............

[dyne]

I will be 74 years old this coming July and I did not know that either.
My problem is that I am forgetting what I once knew.

[okie1tax]

Dumb Questions

The ONLY dumb questions is the one you don't ask!!!

[Larmil]

I am a 74 year old Accountant, Why would I not know this? confused

A day that I do not learn something is a day wasted. But then I am only 64 years old with only 29 years in the tax business.

[gkaiseril]

No, you're good to go. See TTB 5-18:

"A student of any age working for a school... exempt from FICA...if student attends classes..."

Edit: Bob, you are one fast typist.

I recently posted that the IRS has issued final regulations about Medical Interns and Residents being exempt from FICA and Medicare Taxes. http://www.irs.gov/charities/article...219545,00.html

[spencer]

Sheesh!

Are most of us in our 70s? Me too

[BOB W]

That is what makes this board so valuable, our ages and all the new comers.

[Possi]

Most of us?

Are most of us in our 70s? Me too

I'm not in my 70's but I sure do cherish "my people" no matter what the age!