So I know a guy who has two 'employed' jobs. He's basically a doctor two different hospitals 10 miles apart hired. He's able to do both jobs. Both jobs pay him on W2. Both jobs take out his end of social security, and both jobs presumably also pay
their share. And both jobs pay enough so that he easily caps both in terms of social security.....

So here is the question: I think I understand how he can get back the social security taxes that were taken out of his check for one of the two jobs. Because obviously he only has to hit the cap, and so when he files his taxes I guess he can go and
correct that.

But what about the 'lost' money on that employer part of the social security tax? That's also capped right? Given that, that means that like 8k+ of employer sponsored social security tax was overpaid. But how does the govt keep track of that? And if
they do, how do they decide how to refund the money? Do both employers get half of money back?

I've always had a suspicion that this money is just 'lost in the system', and basically neither the employer nor the employee gets it refunded......I want to ask him but I don't know him that well so that I would feel comortable just going up and doing
so.

--- SoupGate-Win32 v1.05
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michael anderson <mianderson79@gmail.com> wrote:

So I know a guy who has two 'employed' jobs. He's basically a doctor two different hospitals 10 miles apart hired. He's able to do both jobs.
Both jobs pay him on W2. Both jobs take out his end of social security,
and both jobs presumably also pay their share. And both jobs pay enough
so that he easily caps both in terms of social security.....

So here is the question: I think I understand how he can get back the
social security taxes that were taken out of his check for one of the two jobs. Because obviously he only has to hit the cap, and so when he files
his taxes I guess he can go and correct that.

But what about the 'lost' money on that employer part of the social
security tax? That's also capped right? Given that, that means that
like 8k+ of employer sponsored social security tax was overpaid. But how does the govt keep track of that? And if they do, how do they decide how
to refund the money? Do both employers get half of money back?

I've always had a suspicion that this money is just 'lost in the system',
and basically neither the employer nor the employee gets it
refunded......I want to ask him but I don't know him that well so that I would feel comortable just going up and doing so.

Your question got me curious so I found and skimmed this: https://www.taxnotes.com/research/federal/irs-private-rulings/information-letters/irs-provides-information-on-fica-tax-refund-claims/1wg68

tl;dr just like the employee the employer can claim a refund of excess FICA taxes withheld.

What this doesn’t make clear is how two employers would split the refund in your case.

--
“I usually skip over your posts because of your disguistng, contrarian, liberal personality.” — Altie

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Sunday, March 12, 2023 at 8:31:28 AM UTC-5, xyzzy wrote:

michael anderson <miande...@gmail.com> wrote:

So I know a guy who has two 'employed' jobs. He's basically a doctor two different hospitals 10 miles apart hired. He's able to do both jobs.
Both jobs pay him on W2. Both jobs take out his end of social security, and both jobs presumably also pay their share. And both jobs pay enough
so that he easily caps both in terms of social security.....

So here is the question: I think I understand how he can get back the social security taxes that were taken out of his check for one of the two jobs. Because obviously he only has to hit the cap, and so when he files his taxes I guess he can go and correct that.

But what about the 'lost' money on that employer part of the social security tax? That's also capped right? Given that, that means that
like 8k+ of employer sponsored social security tax was overpaid. But how does the govt keep track of that? And if they do, how do they decide how to refund the money? Do both employers get half of money back?

I've always had a suspicion that this money is just 'lost in the system', and basically neither the employer nor the employee gets it refunded......I want to ask him but I don't know him that well so that I would feel comortable just going up and doing so.

Your question got me curious so I found and skimmed this: https://www.taxnotes.com/research/federal/irs-private-rulings/information-letters/irs-provides-information-on-fica-tax-refund-claims/1wg68

tl;dr just like the employee the employer can claim a refund of excess FICA taxes withheld.

What this doesn’t make clear is how two employers would split the refund in
your case.

exactly......and more importantly how would they even know?

--
“I usually skip over your posts because of your disguistng, contrarian, liberal personality.” — Altie

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Sunday, March 12, 2023 at 3:00:59 PM UTC-5, michael anderson wrote:

On Sunday, March 12, 2023 at 8:31:28 AM UTC-5, xyzzy wrote:

michael anderson <miande...@gmail.com> wrote:

So I know a guy who has two 'employed' jobs. He's basically a doctor two different hospitals 10 miles apart hired. He's able to do both jobs. Both jobs pay him on W2. Both jobs take out his end of social security, and both jobs presumably also pay their share. And both jobs pay enough so that he easily caps both in terms of social security.....

So here is the question: I think I understand how he can get back the social security taxes that were taken out of his check for one of the two
jobs. Because obviously he only has to hit the cap, and so when he files his taxes I guess he can go and correct that.

But what about the 'lost' money on that employer part of the social security tax? That's also capped right? Given that, that means that
like 8k+ of employer sponsored social security tax was overpaid. But how does the govt keep track of that? And if they do, how do they decide how to refund the money? Do both employers get half of money back?

I've always had a suspicion that this money is just 'lost in the system',
and basically neither the employer nor the employee gets it refunded......I want to ask him but I don't know him that well so that I would feel comortable just going up and doing so.

Your question got me curious so I found and skimmed this: https://www.taxnotes.com/research/federal/irs-private-rulings/information-letters/irs-provides-information-on-fica-tax-refund-claims/1wg68

tl;dr just like the employee the employer can claim a refund of excess FICA
taxes withheld.

What this doesn’t make clear is how two employers would split the refund in
your case.

exactly......and more importantly how would they even know?

--
“I usually skip over your posts because of your disguistng, contrarian, liberal personality.” — Altie

This has to be a pretty infrequent situation. Only about 5% of taxpayers are above the SS withholding maximum. And what percentage of those have more than 1 wage paying job and aren’t taking any additional income as self-employment, partnership, or
contract non-wage income.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Sunday, March 12, 2023 at 6:59:20 PM UTC-5, Tim VanWagoner wrote:

On Sunday, March 12, 2023 at 3:00:59 PM UTC-5, michael anderson wrote:

On Sunday, March 12, 2023 at 8:31:28 AM UTC-5, xyzzy wrote:

michael anderson <miande...@gmail.com> wrote:

So I know a guy who has two 'employed' jobs. He's basically a doctor two
different hospitals 10 miles apart hired. He's able to do both jobs. Both jobs pay him on W2. Both jobs take out his end of social security,
and both jobs presumably also pay their share. And both jobs pay enough
so that he easily caps both in terms of social security.....

So here is the question: I think I understand how he can get back the social security taxes that were taken out of his check for one of the two
jobs. Because obviously he only has to hit the cap, and so when he files
his taxes I guess he can go and correct that.

But what about the 'lost' money on that employer part of the social security tax? That's also capped right? Given that, that means that like 8k+ of employer sponsored social security tax was overpaid. But how
does the govt keep track of that? And if they do, how do they decide how
to refund the money? Do both employers get half of money back?

I've always had a suspicion that this money is just 'lost in the system',
and basically neither the employer nor the employee gets it refunded......I want to ask him but I don't know him that well so that I
would feel comortable just going up and doing so.

Your question got me curious so I found and skimmed this: https://www.taxnotes.com/research/federal/irs-private-rulings/information-letters/irs-provides-information-on-fica-tax-refund-claims/1wg68

tl;dr just like the employee the employer can claim a refund of excess FICA
taxes withheld.

What this doesn’t make clear is how two employers would split the refund in
your case.

exactly......and more importantly how would they even know?

--
“I usually skip over your posts because of your disguistng, contrarian,
liberal personality.” — Altie

This has to be a pretty infrequent situation. Only about 5% of taxpayers are above the SS withholding maximum. And what percentage of those have more than 1 wage paying job and aren’t taking any additional income as self-employment, partnership, or

contract non-wage income.

I'm sure it's infrequent overall, but it's not super uncommon amongst physicians who don't own or have equity in their own practice. A lot of internists here, for example, work for two different
hospitals as hospitalists on a W2. It would be hard to impossible to do with outpatient jobs, but at an inpatient job you could round and chart in the morning at one and then at the other in the afternoon. Especially if
you are supervising nps too.

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