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The SSA makes use of this information to confirm that they have correctly utilized the social safety earnings check and paid the correct quantity of advantages. Show the total taxable wages, suggestions, and different compensation that you paid to your worker during the year. However, do not embrace elective deferrals (such as worker contributions to a bit 401 or 403 plan) except part 501 contributions. Tell your employee that the wages paid in error in a previous year remain taxable to them for that yr. This is as a result of the employee obtained and had use of those funds throughout that 12 months. The worker is not entitled to file an amended return (Form 1040-X) to get well the earnings tax on these wages.
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