What is 1099-SSA? My wife and I filed 1040 tax without 1099-SSA?
SSI isn't reportable income for a tax return, so I'm not sure just where you reported that. Income as an employee is reported, though. An SSA-1099 is the form that social security sends out to recipients to show what they received and anything that was withheld - it's kind of like the W-2 that you get as an employee. You would only get one if you are receiving social security benefits. SSI is NOT social security even though the same agency administers it. If your income as an employee is at least $3000, and you filed a joint return, then you and your wife will qualify for the rebate.
Are the benefits on form ssa-1099 taxable?
My father received social security benefits in 2012 in the amount of $6589 and four of my siblings each received $910 each in 2012. what i want to know is if any of this is taxable and should be reported on their taxes. and do my siblings have to do their own taxes because of these benefits. the only other income they got was 500 in unemployment from my mom.
What taxes are due from Adult Child SSA disability benefit?
That really depends on a person’s particular tax situation which will require you to consult with a tax professional. You can go to this website to find help:https://www.irs.gov/individuals/...But to answer your question these are the most common scenarios I’ve come across as a claim specialist for the Social Security Administration.If individuals receiving Social Security as their sole source of income may not be liable for taxes as their income may be too low.However, if the individual is employed, or is married to a spouse who is employed, they will need to file an income tax.If an individual is a dependent because they are living in a family member’s home, because he or she cannot afford to live on their own, then the family member who is the head of household will file a income tax and claim the Social Security beneficiary as a dependent as part of their household.
Should I submit any proof when I file income tax?
Yes, you should submit the forms you received from your banks 1099 INS, from your employer about your withholding Form W-2, from your mortgage - Form 1098, from Social Security Office Form SSA-1099, from your university who gave you scholarship Form 1098-T, and other forms to show you are entitled for tax returns, credits, deductions. I attached some of the above mentioned forms to both my federal individual income tax return and state individual income tax return.Sometimes, if you forget to sent those files in, the agency may deny you for certain credits or returns or send you a statement requesting those documents from you.Typically, if you use a software to prepare the tax return and want to mail the actual forms yourself, some software will remind you to send other documents along with your 1040.
Is a company-issued Form 1099-MISC valid without a completed Form W-9?
A2A - NO employer issued 1099-MISC is EVER valid! There should be a W-2 issued where there is an employee - employer relationship.Now I am fairly certain that your question MISUSES the term “employer”. Thus - to answer your “intended” question - the “validity” of a 1099 is NOT dependent on the completion of a form W-9.As a CPA I often complete 1099s without the W-9s. In fact it is actually the norm. It is the clients responsibility to obtain the valid information for their preparation NOT mine and often - I highly suspect that this is often obtained with telephone calls and NOT W-9s.In many cases 1099s are issued without tax id numbers on them because the contractor refuses to give it out. In that case the IRS notifies the payer that they MUST withhold 28% backup withholding on subsequent payments to the contractor. This is most often a mute point as it has been determined that the contractor is someone that they do not wish to do business with EVER again.Additionally, It is generally suspected that the IRS attempts to match these 1099s without ID #s for future audits as “cash” businesses that are underreporting their income.
Is the SSA-1099-SM form income taxable?
It is potentially taxable depending upon the amount of other income you have. If you other income plus you social security benefits exceed $25,000 (Single) or $32,000 (Married Filing Jointly) then some of the Social Security benefits will be taxable. At much higher income levels 85% of social security benefits are included in taxable, but never more than 85%. Richard K Master Tax Advisor This advice was based upon my understanding of the tax law in effect at the time it was written as it applies to the facts provided by you. See my profile for more information.
If I get a W2 with no Social Security/Medicare taxes withheld, do I still have to pay self-employment tax on it?
In general, yes. One way or another, Social Security and Medicare taxes need to be paid on earnings. You might not have to pay regular income taxes, depending on how much you earned annually and how much of your earnings went to tax exempt or tax deferred deductions. However, the bigger problem here might be that your employer made an error in not withholding Social Security and Medicare taxes, and/or in not reporting it on your W2. You could start out by contacting your employer. If you don't receive a satisfactory answer, then you'll need to contact the IRS and explain that the employer failed to withhold SS and Medicare. (More importantly, the employer failed to acknowledge or failed to submit his half of the SS and Medicare taxes due on your salary. The IRS will be very interested in that.)