Pay & Leave » Employer's Tax, Withholding, and Reporting Obligations
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The loan repayment must be reported as wages in Box 1 of
Form W-2, Wage and Tax Statement, and as Medicare wages in Box 5 of Form
W-2. If wages paid to...
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Yes. The repayment is includible in the employee's gross
income and in wages for Federal employment tax purposes, notwithstanding
the agency's repayment of the loan directly to the lender.
This answer was provided...
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The repayment is reported as wages on line 7 of Form 1040 or, alternatively, on line 1 of Form 1040EZ.
This answer was provided by the Internal Revenue Service (IRS). For...