IRS proposes rules for truncated SSNs on W-2 forms

The Internal Revenue Service has proposed regulations allowing truncated Taxpayer Identification Numbers on the Form W-2 to help protect people’s Social Security Numbers from identity theft. The proposed regulations enable employers to voluntarily truncate their employees’ SSNs on copies of the Form W-2, Wage and Tax Statement, given to employees so the truncated SSNs appear in the form of IRS truncated taxpayer identification numbers, or TTINs. Read More