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GARY ELLIS
GARY ELLIS, ENROLLED AGENT
Category: Tax
Satisfied Customers: 290
Experience:  11 YRS PROFESSIONAL TAX CONSULTING
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What does Statutory Employee mean on a W-2?

Customer Question

When filing taxes online, what does Statutory Employee mean on the W-2 Form?

Submitted: 11 years ago.
Category: Tax
Expert:  GARY ELLIS replied 11 years ago.
Typically this represents a route type delivery business or sometimes insurance sales.
It means you are an employee for Social Security purposes but no income tax withholding.
You may deduct expenses incurred in the operation of your employment thus reducing potential income tax.
quarterly estimated taxes may be required to offset tax due at the end of the year.
income is reported on Line 7 of 1040 and expenses reported on sch C and line 12 as a negative number.