Securing your Future through Social Security is highly recommended no matter who you talk to. But understanding certain things about the forms you sign can be vital to how you receive your benefits. Social Security is the financial security given to older Americans when they retire from work or those in the workforce who suffer disability and for families where the parent or spouse dies. People pay social security taxes during their productive years and when they retire or are disabled, social security benefits are paid to them by the social security administration. The social security number given to each person is used by the social security administration to track the earnings of the person so that the amount paid in social security taxes can be paid as a benefit when he or she retires or cannot work for some other reason. The social security taxes paid during their working years give the individual social security credits. When they retire, social security benefits are paid to the person or the spouse or to minor children. You should apply for your social security benefits when you plan to retire. The application should be presented four months before the date from which you want to get your benefits. You should apply for benefits as soon as possible and if you don’t have the documents required by the SSA, they will help you get the documents and help you apply for benefits in time.
Applying For Social Security Benefits, What You Will Need
To apply for your social security benefits you need to fill out and submit an application form. The form should state, your name, date of birth, your social security number, the date and age of your current spouse and if you have had a spouse before, the dates and the place of divorce or death if you had a former spouse, the names of your unmarried children, if you have applied for social security before, your bank account number, whether you have any other social security number and the date when you want your social security benefits to begin. You will also have to give information about your employer, your social security statements, whether you have performed any military service and if you have worked for the United States Government. You will also have to submit your original birth certificate, proof of citizenship, a copy of your US military service paper and a copy of your W-2 form that your employer will send to you and the IRS at the end of each year or the self- employment tax return for the last year if you are self- employed.
Checking Your Application Status
Once you apply for your social security benefits, you should keep checking the status of your social security application. Checking the status of your social security application can be done online by visiting the website of the Social Security Administration. Checking the status of your social security application helps you stay updated about the application and to make sure there is no problem that is slowing the processing of the application down. For instance if a document accompanying your application form is missing you can send the document to hasten the processing of your benefits or if your doctor needs to send your medical records to the SSA, and non-receipt of medical records is slowing the process you can get in touch with your doctor and ensure the records are sent. You can check the status of your application by going online by visiting the website of the Social Security Administration. Or by telephone by calling the Social Service Administration’s nationwide telephone number or a local SSA office and by connecting with a representative of the Social Security Administration
You should keep the following details handy before tracking the status of your social security application online or by telephone.
- Your full name
- Your social security number
- Your address
- Your email address
- Telephone number where representatives of the social security administration can contact you.
What is a 1099 Form?
The Social Security Administration may mail you a form SSA-1099 and you may wonder what is a 1099 form. A 1099 form is a tax form mailed by the SSA to those who receive social security benefits. The form shows that amount of benefits received in the previous year. The form helps the person report the number of social security benefits received so that they can easily report the benefits to the IRS in their tax return. You can also get a replacement form if you require one by calling the SSA by telephone or calling the local social security office. The easiest method of getting a replacement form 1099 is to create a “my social security” account on the website of the social security administration SSA. After creating your account you can log on to your account and select the replacement documents tab. You can get your replacement document quickly online.
What Is a 1040 Form?
A 1040 form is the form on which an individual living in the US gives a tax return. It is issued by the Internal Revenue Service. You have to fill in your personal details and details of your income and file the tax return online. Details that you will have to disclose in the form will include income from business, salary, self -employment-earned income, alimony, dividends, Social security benefits, unemployment compensation or rental income.
What if I have both a 1040 and 1099?
Your social security benefits may be taxable in some circumstances. You may then wonder what if I have both a 1040 and a 1099. The form `1099 is sent to you annually by the social security administration to update all the social security benefits you have received in the preceding year. The form 1099 will help you file your tax return and submit it to the IRS with details of all the social security benefits you have received. The answer to your question what if I have both a 1040 and a 1099 is that the 1099 helps you fill your tax return in form 1040 issued by the IRS correctly. If you have other income and also get social security benefits, a tax will be levied on your social security benefits. If social security is the only income you have then your income is not taxable. A tax will be levied on your social security benefits if both your social security benefits and income from other sources are more than a specified amount. If you have income other than social security benefits and your social security income is taxable you will need to file your tax return on Form 1040 or Form 1040 A. You need to file a tax return only if your social security benefits are taxable.
How often should I Check the Status of My Social Security Benefits Application?
Processing your social security benefits application will take time. At first, it is prudent to wait for at least thirty days from the date of presenting your application before checking the status of your social security benefits application. If you do not hear from the SSA after thirty days pas, you should check the status of the application and check if there is any reason that is causing the delay in processing. The SSA may need some documents from you or documents submitted by you may be misplaced. You should contact the local office of the SSA or contact the SSA and take steps to remedy the defect.
Steps to Check the Status of the Application
- Wait for thirty days before checking the status of your application
- Call the local SSA office or check the status of your application online
- You can also call the disability examiner assigned to your case
- If you find that your application has been denied, you should file a reconsideration form
- Once you file a reconsideration form, check the status of your application for reconsideration.
- You can check the status by contacting the disability examiner or the local SSA office
- If your application is denied you should request a hearing before an Administrative Law Judge
- You should keep checking whether your files have been transferred to the appeals office by contacting the local SSA office or your disability examiner.
- You should hire an attorney to represent you before the Administrative Law Judge.
- If your claim is denied you can request an Appeal Council Review of the decision
- If the review is not in your favor, you should file an appeal in a Federal Court against the SSA.
Social security is the reward you get for years of hard work and effort. It is given to you when you retire or become disabled. You should apply for your social security benefits as soon as you become eligible for them.