I have gotten a few W-2s for students with wages and withholding in boxes 1 & 2, but nothing in boxes 3 thru 6 for Mdeicare or Social Security. Is this a special exception?
- posted
15 years ago
W-2 without Medicare or SS Tax for Students
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- posted
15 years ago
It can be. When I was in grad school (early 80's) the rule was that if the student work was a required part of a degree program, it was exempt from FICA/Medicare. It was deemed necessary to include an official-looking letter from the school with the tax return.
I have no idea what the current rules/procedures are.
Steve
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- posted
15 years ago
Yes. See page 35 of circular E.
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- posted
15 years ago
Is there any special notification needed on the 1040 so that the IRS does not come after the client for unpaid SS & Medicare taxes?
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- posted
15 years ago
No. There are many situations where a W-2 does not have social security or medicare wages.