W2 Form News Today

New surveillance. warren also fighting back. >> theyre wrong. of course it changes, but the whole point here is to catch tax cheats, high net worth tax cheats. the idea behind it is to say look, most people who are just salaried who have wages get a w2 form so they are third party reporting. it means the employer reports not only to the employee but also to the i.r.s.. >> a republican suggested lets audit the billionaires and be done with it. >> dana: backtracking. biden weaponizing the i.r.s. l...

Your mind as you deliberate these considerations and then separately you mentioned how you are going to pay for some of these provisions. senator wyden has a proposal on annual taxes on billionaires unrealized gains. is that something you support? >> president biden: yes, i do. i support a lot of these proposals. we dont need all the things i supported to pay for this but i do support that. look, if you get -- if you file a w2 form, you know, the irs has access to your bank account and your bank...

Story. when i called in, heres what they told me followed by a comment from the centers for technology and democracy. >> i need your name, your date of birth, your mailing address, your amount on your w2 form, your social security number and a couple phone numbers -- >> to ask an applicant for a social security number and sensitive information until theyre absolutely ready to apply for a particular plan should not happen. >> reporter: so the web site doesnt ask you for the private information, b...

The books to avoid taxes or other regulations. rich is with us know. the chief been the correspondent for u.s. news and world report. at it the worst kept secret in the nation there is an enormous underground economy where people get paid cash and dont get benefits. its a cash world. >> some of that is a constant. we know about landscape workers and nannies and illicit operators like drawing dealers and bookies who work in the dark economy. but the speculation now is that this sector has ground ...

Now, in the theory you do have to worry about it. congress passed a law in 1989 that says personal use of a cell phone must be taxed like any other company fringe benefit. youre supposed to account for your personal calls to imize all of them, but most employees and employers do not do this especially with those flat-rate calling plans today with so many minutes for one flat rate a month. most people think the law is outdated and a joke. >> i wouldnt probably have another cell phone because i ju...