Latest News
Social Security number may be removed from your W-2
Recognizing the ever increasing risk of identity theft, and how use of the Social Security number (SSN) as a means of identifying tax payers contributes to that risk, the Internal Revenue Service has proposed a change which would allow employers to truncate employees’ SSN on W-2 forms. This form, which is used to report wages and tax withholding to the IRS, would instead carry only the last four digits of the SSN, transforming it into a “TTIN”, a truncated taxpayer identification number. This AccountingWeb article by Terry Sheridan explains the proposed change. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.