Social Security Agency Corrects 2.9 Million Miscalculated Tax Forms
If you used information on a 1099-SSA form, and have already filed your return, you should file an amended return when you receive an updated 1099-SSA. The revised forms are in the mail.
From SmartPros.com
"The incorrect data was contained on some 1099-SSA forms sent out earlier this month, said Mark Lassiter, spokesman for the agency in Baltimore.
The 1099s are sent to all persons who receive Social Security benefits, reporting how much they received during the year. That information is needed to fill out income tax returns. The Internal Revenue Servicereceives copies of the 1099s, which are matched to returns by computer.
Corrected forms will be sent to all affected Social Security recipients and to the IRS by the end of the month, Lassiter said. Because corrected information is on the way, he said the Social Security Administration decided not to tell the public about the mistake until asked about it by a reporter."
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