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Get your taxes done using TurboTax
What you describe would likely be considered back wages. It would normally be reported on a W-2 form and have social security and Medicare tax withheld and paid in. Since it wasn't reported on a W-2 form with no payroll taxes paid in, TurboTax is treating it such that payroll taxes can be paid in in the form of self-employment tax. Both payments go toward your social security retirement.
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‎April 8, 2024
8:26 PM
1,039 Views