With all the fraud that is occurring around the globe, specifically within the U.S., recipient's data needs to be protected since a high percentage of the 1099 MISC that we generate are SSN's. Therefore, the recipient would benefit. To truncate where allowed, replace the first 5 digits of the 9-digit number with asterisks(*) or X's, for example, a SSN would appear on the paper statement as ***-**-1234 or XXX-XX-1234. The statements that have to be filed (paper or electronic) with the IRS would still have the full identification number.
Company | MMC Materials Inc. |
I need it... | 12 months |
Dear Viewpoint Suggestion Box contributor;
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Agree....W2's also...one of our employees had his W2 stolen from his mailbox, and the thief attempted to open credit accounts using the info on the W2.