This week we will be looking at some information related to W-2 reporting for employers.
The Social Security Administration (SSA) has announced that it is sending notices to businesses and employers who submit Forms W-2 (Wage and Tax Statement) that contain name and Social Security number (SSN) combinations that do not match SSA records. The SSA refers to these notices as Educational Correspondence (EDCOR).
The SSA says the reasons why names and SSNs may not match SSA records is due to typographical errors, unreported name changes, and inaccurate or incomplete employer records.
If the SSA cannot match the name and SSN reported on a Form W-2 with their records, it cannot reconcile employer wage reports and credit earnings to the record of a worker. When earnings are missing, the worker may not qualify for the Social Security benefits or the benefit amount may be incorrect. The EDCOR notice says employers should review their records and correct errors.
You can find the SSA's announcement at www.ssa.gov/employer/notices.html and you can find more information there about this program.
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