Larry Gude
Strung Out
Ok...
...but I'm right about the feds; they don't see a SS # from us until the FUTA is turned in, yes?
vraiblonde said:
Which explains why you don't know how it works.
Indeed, we collect SSNs when a new person is hired, then they are reported to the Maryland New Hire Registry. The purpose of this is to nab people with outstanding child support warrants, and probably also to nab illegal employees. But the official reason is to track deadbeat parents.
Each quarter, I do a MD unemployment report, which breaks down each employee and their wages by SSN. FUTA doesn't ask for individual employee information, but SUI does.
Then, of course, W-2s must be filed at the end of the year with all federal and state reconciliation reports.
For Steve:
Medicare and SS payments are included with federal tax deposits, which get deposited either monthly or semiweekly, depending on your payroll level. Each quarter you file a 941 report, stating the taxes deposited for that quarter and including SS and MED payments.
So if you're going to be busted for illegal immigration, it's more likely the State will get you before the Feds.
...but I'm right about the feds; they don't see a SS # from us until the FUTA is turned in, yes?