In all cases, the Social Security Administration is the only entity that needs to distribute a 1099 SSA – even a 1099 SSA 2018. Still, even governmental organizations can make mistakes. If you, a client, or a family member did not receive a 1099 SSA in 2018, you should contact the Social Security Administration as soon as possible to rectify the mistake. The senior in question will have needed to report the income provided on the 1099 SSA from 2018 but also maintain a record of their personal finances.
Most people who deal with 1099 SSA 2018 are accountants – those who seniors and their families hire to handle wealth and tax requirements as a person ages. If you are an accountant with such clients, you should have some basic familiarity with the form before using it to report income. To that end, you’ll need to know what information you’re asking for when you reach out to the Social Security Administration for a copy. Here’s what you need to know.
Information Included on the SSN Benefit Statement
Those receiving 1099 SSA forms should review the information included as soon as it arrives. This is especially true of 1099 SSA 2018 forms that arrive late. These statements have not changed much over the years. Those receiving forms from 2018 should check for and verify the following information:
- Name
- Social Security Number
- Benefits Paid
- Benefits Repaid to the Social Security Administration (when applicable)
- Net Benefits
- Voluntary Federal Income Tax Withheld
- Address
If any of this information is incorrect on the 1099 SSA 2018 form, reach out to the Social Security Administration immediately to rectify the mistake.
How to Handle a 1099 SSA
There are few reasons why a business owner might need to handle an SSA. The Social Security Administration is the only entity that needs to administer and organize these forms. However, accountants and accounting firms should have some familiarity with this document, and they should have access to software tools that allow them to work with and store a 1099 SSA. This is how AMS can help.
Our 1099/W-2 Forms Filer is the perfect foundation for a personalized accounting software tool. While the software does not support the SSA 1099, there isn’t much reason for it to. Still, you’ll be able to use information provided on a 1099 SSA with the form’s other applications – distributing forms, filing electronically, and printing client reports.
Resources from AMS
Software solutions from Advanced Micro Solutions don’t stop with our W-2/1099 Forms Filer. We have a whole suite of products designed for a range of small business needs. Our tools work modularly, which means you’ll only need to pay for what you use. Here are some of our most popular product options.
- W-2/1099 Forms Filer
- E-File Direct
- Affordable Care Act Filer
- 1042-S Filer
- Software-Generated Forms
- Forms Filer Plus
Whether you’re starting a business, requesting a 1099 SSA 2018, or trying to streamline your accounting firm’s current operations, Advanced Micro Solutions has a tool for you.