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Politics : A US National Health Care System?
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To: Lane3 who wrote (10198)10/6/2009 11:03:06 AM
From: John Carragher  Read Replies (1) of 42652
 
evidently you have not had an amount show on your w2 statement in box 12 a,b,c, let's explore further,, if in box b it prints M with amount go to back of w2 for further instructions.

M== uncollected soc sec tax or rrta tax on taxable cost of group term life insurance over $50,000.

if in box 12 c you get N with amount to go back of your w2..

N- uncollected medicare tax on taxable cost of group term life insurance over $50,000.

to report this tax amount you show UT on 1040 under other taxes, bottom line. write in on total tax line "ut" and amount.. add that amount to any other taxes in the group.

hope this helps ya out.

ps this is stuff you may experience once retired and no withholding esp with no pension income or other income.
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