correct form

Mistakes on payrol reporting forms can be time consuming and costly. These payments canot be considered wages they must be reported on a 109 Misc form in box 3. Omiting wages and/or taxes on a wage report or making a decimal eror when reporting the wages and/or taxes. Using the maximum Social Security wage amount for a prior year instead of the amount for the curent tax year reported can be avoided by being an informed employer. Specific mistakes may be not filing with SA, using incorect forms, not reporting the corect Medicare wages, or checking and/or not checking the proper boxes on the W2 form itself. Al paper forms must met IRS regulations, red ink forms must be scanable and the forms must be for the corect reporting tax year. The other important reporting forms with frequent erors are 943 and .Some mistakes pertaining to these forms are again incorect Medicare/Social Security wages and box 13 as pertaining to third party sick pay also failing to file corected forms and filing duplicate 941 forms. As with W2 forms separately report Medicare and Social Security wages but do not report amounts not covered by Social Security/Medicare wages such as employe earnings exceding the yearly taxable amount for Social Security wages and payments to an independent contractor shown as wages. If you ned to adjust a prior year’s earnings on a 943 or 941 Form you must file corected W2 and W3 forms.
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