mcbreck Posted March 31 Report Posted March 31 Client receives her normal SSA 1099. Let's say box 5 says $33,000 (says checks received is $30k which she believes to be correct). She gets a second one that says it is an updated benefit that includes any repayments in December and replaces any previous statement. This says Box 3 $10k, repaid $10k and box 5 is $0. She knows nothing of repaying the IRS (she is self employed and 68 years old but the profit is only $2k every year). You'd think she'd know but she doesn't and isn't checking. Who wouldn't know they repaid $10k? How am I supposed to enter that? Quote
Gail in Virginia Posted March 31 Report Posted March 31 I am just wondering if rather than replacing the statement for $30K this is actually an additional statement, in which case you could just add the -0- to the previous statement and basically ignore it. Although it says it replaces any previous statement, is the claim number in box 8 the same? Could they have "paid" on a different claim number in error and clawed it back before she even noticed? 2 Quote
mcbreck Posted March 31 Author Report Posted March 31 Just now, Gail in Virginia said: I am just wondering if rather than replacing the statement for $30K this is actually an additional statement, in which case you could just add the -0- to the previous statement and basically ignore it. Although it says it replaces any previous statement, is the claim number in box 8 the same? Could they have "paid" on a different claim number in error and clawed it back before she even noticed? ohhhh - claim number is different. I'll bet you are correct. Thank you very much. 2 Quote
Lion EA Posted March 31 Report Posted March 31 Doesn't SSA "payback" happen via reduction in future months that are direct deposited anyway, so not very noticable if it's a small amount each month and Medicare's being deducted anyway and maybe FIT. Quote
Randall Posted April 1 Report Posted April 1 I just had this. Checked with client. Two SSA-1099s. Same claim number. The second has higher amount and says it is updated. Same deductions for Part B. Client agrees, the second higher amount includes the first lower amount. 1 Quote
JohnH Posted April 1 Report Posted April 1 Good time for the client to set up online access to the SocSec account so they can review history at will. Quote
kathyc2 Posted April 1 Report Posted April 1 15 hours ago, Lion EA said: Doesn't SSA "payback" happen via reduction in future months that are direct deposited anyway, so not very noticable if it's a small amount each month and Medicare's being deducted anyway and maybe FIT. Not anymore..... https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/ 2 1 2 Quote
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