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taxability of group life insurance

gennarostella
Level 2

client became disabled in 2019....for 2020 his employer sent him a w-2, showing nothing in box 1, but

$7,276 in boxes 3 and 5.   In box 12b, $ 451.11 for uncollected soc sec tax and $ 105.50 in box 12c for uncollected medicare tax.

box 12a shows $ 6,918.96 as the return of group term life policy.

the issue is proseries is telling me i can't efile this because of no amount in box 1

no idea how to handle this....any help would be greatly appreciated:

thanks

 

 

 

 

 

 

 

 

 

 

 

 

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Accepted Solutions
IRonMaN
Level 15

Don't enter the W-2 into the software.

Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?

View solution in original post

3 Replies 3
IRonMaN
Level 15

Don't enter the W-2 into the software.

Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?

View solution in original post

gennarostella
Level 2

love the answer!   i'll go with that.

 

you made my day with your humor!! 

 

have a great day:

IRonMaN
Level 15

You betcha!

Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?
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