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Home > Money & Services > Taxes   »   Social Security And Medicare Taxes

 
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Old Apr 14, 2008, 09:55 PM
Satur 1959
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Social Security And Medicare Taxes

I am a self -Employed. I was about to file my Income Taxes when I noticed on my 2007 W-2 Wage and Tax Statement that nothing was deducted from my 2007 paycheck for Social Security and Medicare Taxes. I'd soon found out that I was put on SS & Medicare "EXEMPT" by mistake when we set up our Payroll Processing with the ADP Payroll Services. What's my best option? To whom should I notify regarding this error and dire situation? Please advise..

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Old Apr 15, 2008, 12:59 AM   #2  
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I don't think that claiming Exempt on W4 makes any difference.
Are you sure you received W2? Or is it 1099-Misc?

How you will treat the 1099-Misc income, read: Your U.S. Tax Return: W2 or 1099: Employee or Independent Contractor.
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