The time to receive Social Security 1099 for 2018 has come and gone. That said, there are a few reasons why an individual may need access to this form. In some rare cases, the SSA may not have sent out the form in the first place. This situation would render incorrect tax returns, which should be amended. In other cases, some may need access for the sake of recordkeeping.
No matter the need for an old SSA 1099 form, accountants should know how to gain access to it. We’ll walk you through what you need to know, as well as why a tax and wage software can help.
Instructions for Handling Social Security 1099 Forms
The Social Security Administration is the only entity that deals with and distributes SSA 1099 forms. Recipients should expect their Benefit Statements in the mail by January 31 of the year following the reported year. So, those expecting their Social Security 1099 for 2018 should have received the form in January of 2019. If you believe you did not receive this form, contact the Social Security Administration immediately.
There are a few reasons why a taxpayer may need to request a new SSA 1099, even for a prior year. These forms are important to hold onto for future reference. Those who need copies of SSA 1099 forms from previous years can easily access the information via their Social Security online accounts.
This is where a CPA or other accountant may be necessary. Folks receiving Social Security income may not be able to navigate these sites and administrations on their own. As such, it is crucial that all accountants have an understanding of how Social Security benefits are paid out. Even if you never need to deal with a Social Security 1099 for 2018, you should know how to access it.
Software Tools for 1099 Reporting
The Social Security 1099 for 2018 should not require any type of accounting software. That said, those who need to access this form are likely in need of other 1099 support. That’s where we can help.
Advanced Micro Solutions is proud to offer a variety of accounting tools for both small businesses and CPAs. 1099 usage is only increasing with time, and professionals who work with these forms need solutions. Our W-2/1099 Forms Filer is an excellent option. The platform allows users to fill out and file wage forms directly from the software. Plus, our tools are modular. This means users can pick and choose the programs they most need, building a fully customized accounting software at an accessible price point.
If you’re on the fence, consider some of our favorite W-2/1099 Filer features:
- A Common Payee File allows the user to select a Payee across payers/1099 forms without having to type in the same information multiple times
- Entering information is easy, and the entry screen resembles actual forms
- Data is automatically saved through the 1099 software whenever a new record or form is accessed
- Prints Tables and Worksheet Reports, along with Client Letters, Recipient Lists, and Mailing Labels
- The Table Report generates hash totals of SSNs and TINs for checking data entry accuracy
If you have any questions, give us a call at 800-536-1099. We’re more than happy to hear from you.