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The Internal Revenue Service, state tax agencies and the tax industry are reiterating their urgent alert from last month that scammers targeting employees W-2 forms have increased efforts to...
Employers must report the incomes of employees and independent contractors using the IRS forms W-2 and 1099, respectively. Employers pay various taxes (i.e. Social Security and Medicare taxes, unemployment taxes, etc.) on the wages of a worker that is classified as an employee.
Three of them were the MTA's top-paid employees, making more than Thomas Prendergast, the chairman of the MTA. He collected a salary of $346,707 last year.
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City.
NEW YORK — Transit workers raked in lots of extra cash last year as the MTA worked to resuscitate subway service, agency payroll figures show.
The Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.
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