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1099-Misc: What You Should Know

SSA Form W-2G — Tax Information for Individuals — IRS What to do if IRS audited you. What if my employees have not filed for their SSA 1099-MISC returns? Do I have to pay them? Form W-2 is a federal tax form used to report the wages, tips, and other cash salaries of employees and certain contractors.  The W-2 is used to report the wage and tips you pay to your employees, to account for the additional taxes required by the IRS and the reporting requirements imposed by Connecticut law.  Form W-2 will also be used to report additional payroll tax (Social Security and Medicare), non-wage income, and employee fringe benefits. Form W-2 is used by employers to report information to the Social Security Administration, the Internal Revenue Service, and the states. Businesses must submit Form W-2s to Connecticut on behalf of their employees.  The W-2 allows you to report your employees' income and payments made to them, and the benefits and payments made to certain contractor employees. The federal income tax withholding and payment system does not apply when W-2 reports are made to a state or local agency. In Connecticut, only the Social Security Administration does this type of reporting, and it does so for Connecticut wage and tip income. The Social Security and Medicare system requires all Connecticut wage and tip income to be reported by the Social Security Administration. However, W-2G reports make it easier to calculate, and it requires only a small payment. Therefore, employers can pay less to the Social Security Administration and still comply with Connecticut law. Form W-2G. When and Where to File The W-2G must be on the original forms for each person, or on the original forms for the payees if some or all the payees have the same or similar name. It might not be appropriate for you to file it electronically — you should file it in person at your local Social Security offices. Form W-2G can be filed electronically by: Using the “File” button on either the Payee or W-2G form. It is important to note that the Form W-2G is a paper form, and therefore you should print out a copy, so you have the complete record in the event of a dispute regarding any taxes you deducted or withheld and the correct amount to be reported on the W-2.

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