2191298
You'll need to sign in or create an account to connect with an expert.
so totally wrong. if your employer paid you for not participating in its health insurance plan then you got compensation. it belongs on your w-2. this can create problems with your employer if you demand a corrected w-2. but you face an issue reporting the 1099-MISC from the same employer. since this is compensation it is supposed to be subject to fica and medicare taxes and thus reported on form 1099-NEC and schedule C of your return. not only do you face tax issues if you report this as income not subject to payroll taxes your employer is facing potential substantial penalties for filing a bad w-2 and 1099 and failure to withhold and pay the payroll taxes.
In TurboTax Online:
In TurboTax CD/Download:
For more information, see: Where do I enter a 1099-MISC?
This is not the correct way for the employer to report it. You need to have a discussion with them.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
beyondbackpack
Level 1
Acanex
Level 2
lnetuschil
New Member
kare2k13
Level 4
ccrutcher22
New Member