It’s the season of change with the first day of Fall coming up this weekend. The weather is getting colder, the canyons and stores will soon be filled with reds and oranges, and anything edible will be pumpkin spice flavored. And along with the season, the Social Security Administration has made a few policy changes of their own.
The SSA has recently announced that starting March 2019, they will be sending out notices to employers to inform them of name/SSN mismatches on any W-2 forms based on data from 2018. These mismatches need to be fixed in order to ensure that earnings are credited to an employee’s record for Social Security benefits purposes. Currently, there does not seem to be any penalty for not correcting these mistakes, but this may drive some employers to demand a W-2c form to be filed.
For more information on these notices, visit www.ssa.gov/employer/notices.html
If you have any other questions about this policy change, or any other of your tax needs, please call or visit us at Stapley Accounting, your Cache Valley Quickbooks and Payroll Professionals, and have an amazing Fall season!