Find Out What Form SSA-1099 Is All About
Form SSA-1099 is one of many variants of the 1099 series of IRS forms. Reporting non-employment income to the federal government is the essential function that all 1099 forms are intended to fulfill. Any type of income earned during the preceding calendar year except salaries, tips, or wages must be duly recorded in triplicate via the appropriate Form 1099.
Examples include: investment interest, royalties, and independent contractor compensation. As such income is usually subject to taxation, the law requires payers to advise appropriate authorities of its payment and the identity(ies) of all payee/recipients thereof.
Even many sources of income that are non-taxable must nonetheless be properly reported to the government in a prompt manner. Retirement and disability benefits are two common examples of 1099 reportable income that are traditionally tax-exempt. In most instances, gross non-employment income that fall below $600 during a given calendar year is not subject to 1099 reporting requirements.
Special Case of Social Security Benefits
As its title implies, Form SSA-1099 is used to report Social Security benefits received during the prior calendar year. As the Social Security Administration is a payer of far more than 250 separate payees, its reporting requirements are completed electronically. SSA also retains a copy of each 1099 within its internal files.
All Social Security benefit recipients should expect a printed SSA 1099 Form to arrive via the postal service no later than the end of each January. All beneficiary copies are mailed to the last address maintained in the SSA’s files for each recipient. If you have moved during the prior year, promptly advise SSA in order to prevent delays in receiving your SSA 1099.
If you require a duplicate copy of Form SSA-1099 for any prior year, call 1-800-772-1213 or visit https://secure.ssa.gov/apps6z/i1099/main.html.
You are legally authorized to request a copy of the form on behalf of yourself, a minor recipient for whom you are the responsible beneficiary, or any deceased person on whose record you receive benefits.
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