gn
Level 3
06-28-2020
07:59 PM
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If an individual taxpayer leaves their employer and gets a settlement which is reported to them on 1099-MISC box 7 non-employee compensation. Is this subject to FICA taxes? They also received a W-2 for wages earned with FICA etc., taxes withheld. The amount on the 1099-MISC was a settlement agreement to separate employment. Is this subject to FICA taxes, or is it simply other income?