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Dec 10, 2020 · The Internal Revenue Service (IRS) has issued final regulations (TD 9861, Use of Truncated Taxpayer Identification Numbers on Forms W-2, Wage and Tax Statement, Furnished to Employees), which allow employers to truncate employees' Social Security Numbers on copies of Forms W-2 that are furnished to employees, effective for Forms W-2 required to be furnished after 12/31/2020 (i.e., Forms W-2 ...
Dec 22, 2020 · Employers are not allowed to truncate SSNs on W-2 copies filed with the Social Security Administration — meaning Copy A. The final rule covers Form W-2s issued to employees after Dec. 31, 2020. The final rule is voluntary for employers — meaning you can keep displaying employees’ full SSNs on their W-2s if you prefer. State and local ...
Jul 9, 2019 · Final U.S Treasury regulations published July 2, 2019, adopt without change a proposal to allow employers to use truncated social security numbers (SSNs) on the employee copies of Forms W-2. The change is intended to help prevent identity theft by revealing only the last four digits of the employee’s SSN. For the regulations, go to https ...
In T.D. 9861 , the IRS issued final regulations that give employers the option of truncating the Social Security Number (SSN) on copies of Forms W-2, Wage and Tax Statement , that are furnished to employees effective with returns and statements required to be filed and furnished after December 31, 2020. The provision also applies to employee copies of Forms W-2c, Corrected Wage and Tax Statement.
Reminders. Due date for filing with SSA. The due date for filing. 2021 Forms W-2, W-2AS, W-2CM, W-2GU, W-2VI, W-3, and W-3SS with the SSA is January 31, 2022, whether you file using paper forms or electronically. Extensions of time to file. Extensions of time to file Form W-2 with the SSA are not automatic.
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Truncated Taxpayer Identification Numbers on Forms W-2, Wage and Tax Statement, Furnished to Employees ), which allow employers to truncate employees’ Social Security Numbers on copies of Forms W-2 that are furnished to employees, effective for Forms W-2 required to be furnished after 12/31/2020 (i.e., Forms W-2 for calendar year 2020 ...
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Jul 3, 2019 · IRS has issued final regs that amend existing regs to permit employers to voluntarily truncate employees’ social security numbers (SSNs) on, e.g., copies of Forms W-2, Wage and Tax Statement, that are furnished to employees. The final regs do not allow truncated numbers on W-2 forms filed with the Social Security Administration (SSA).
