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FORM SSA 1099 SOCIAL SECURITY BENEFIT STATEMENT S

FORM SSA 1099 SOCIAL SECURITY BENEFIT STATEMENT S

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hi everyone this is aki with another tags video going over the most frequently used tax forms and we're going to go over the forms ssa 1099 social security benefit form so this form is issued by social security administration it's not issued by the irs and it contains summary of taxpayer benefits received during the year and you must report it if you have a filing requirement and i'll go over with you when you do have a filing requirement or not now it's important to know also that some of the benefits may be taxable some of it may not sometimes you might have zero taxable benefits wise 50 or 85 percent may be taxable on the social security administration website they mentioned that about 40 percent of beneficiaries have to report their social security and some of it's taxable so it's important to know that when you do have it you have to file it with your taxes but for some taxpayers especially the ones who just receive social security benefits you know they don't have filing requirem

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