Employee Social Security Tax Deferred

Forum|Forum|5 years ago
March 5, 2021
2 replies
13 views

Is it necessary to report employee deferred social security tax referenced in IRS notice 2020-65? If the deferred social security tax must be report, where is it reported?

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itonewbie

Level 15

IRS guidance for this is here: https://www.irs.gov/newsroom/deferral-of-employment-tax-deposits-and-payments-through-december-31-2020

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qbteachmt

Level 15

Did you mean the info on the W2 for the Employee; or, are you working on the business return for the Employer? Or, for a self-employed person?

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Treasurehunt1Author

Level 2

There is nothing reported on the W2, however the client provide an email from HR state that the SS tax was deferred and will be recovered in 2021.

qbteachmt

Level 15

"There is nothing reported on the W2"

That's not how the regulation reads.

"However, do not include in box 4 (Social security tax withheld) any amount of deferred employee Social Security tax that has not been withheld."

From: https://www.irs.gov/forms-pubs/form-w-2-reporting-of-employee-social-security-tax-deferred-under-notice-2020-65

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