Re:Employee works for both Google and Facebook from home
by aaomidi on Thursday October 01, 2020 @11:19AM
(#24651884)
They wouldn't. They'd get their cut and not do anything more.
IRS basically never starts investigations from what was in tax returns as long as they get their money so they don't scare off people from filing tax returns and paying taxes.
Why would they care at all? If he's full-time on both, then he's having the taxes deducted from his wages. In fact, he'll get a refund at the end of the year because he's overpaying FICA (6% up to $110k on both jobs, when his maximum contribution should just be 6% up to $110k (not exact numbers)).
If he's a contractor, then he has to pay estimated taxes on both jobs, just like someone would with 1 job.
In either case, as long as he does proper accounting like anyone with 1 job would need to, he'll be fine in the IRS's eyes.