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First, my apologies if there was a better thread in which to post. I searched, but couldn't find anything recent that dealt with exactly this situation.
My wife just started working for her old boss on a temporary basis (he had to fire her replacement and needs someone for a few weeks until he can get someone else). I'll tell the full story below for any who are interested, but my wife's original employment there ended amicably. Since she is now without a job, and her old job is just down the street from where I still work, she agreed.
Long story short, the fact that we have moved and are now living in a different state seems to have confused the people who prepare their paychecks, so they are not taking out any tax at all.
My questions, then are these:
1) Should we be doing something about this? Is this even legal? And if so, what should we do? We really need the income this is bringing in, so we would rather not rock the boat if it might cause major problems.
2) We have not paid quarterly taxes so far this year because all other jobs have been taking out taxes as usual. Do we now start paying quarterly, starting with the October due date?
3) We were planning to file jointly, but should be file separately due to this?
4) And finally, about how much of each check (percentage-wise) should we be putting aside for taxes? (Sorry for the newbie questions, finances have always been something of a mystery to me.)
Any insight/help/white light is appreciated.
My wife just started working for her old boss on a temporary basis (he had to fire her replacement and needs someone for a few weeks until he can get someone else). I'll tell the full story below for any who are interested, but my wife's original employment there ended amicably. Since she is now without a job, and her old job is just down the street from where I still work, she agreed.
Long story short, the fact that we have moved and are now living in a different state seems to have confused the people who prepare their paychecks, so they are not taking out any tax at all.
My questions, then are these:
1) Should we be doing something about this? Is this even legal? And if so, what should we do? We really need the income this is bringing in, so we would rather not rock the boat if it might cause major problems.
2) We have not paid quarterly taxes so far this year because all other jobs have been taking out taxes as usual. Do we now start paying quarterly, starting with the October due date?
3) We were planning to file jointly, but should be file separately due to this?
4) And finally, about how much of each check (percentage-wise) should we be putting aside for taxes? (Sorry for the newbie questions, finances have always been something of a mystery to me.)
Any insight/help/white light is appreciated.
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