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    Satur 1959's Avatar
    Satur 1959 Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 14, 2008, 10:55 PM
    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..
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Apr 15, 2008, 01:59 AM
    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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