Can you tell me a little bit more about your situation?
Did the SSA-1099 include amounts for prior years?
YES, 2008 -2009-2010-2011
How much was your back payment for each year?
REC'D IN FEB OR MARCH OF 2012
$11,886.00 FOR 2008, $25,152.00 FOR 2009, $25,152. FOR 2010, $25,152. FOR 2011
Ok and did you have wages for those years, or were you collecting disability from your employer
I apologize for all of the questions, but depending on the type of income you received, and your age when you first started receiving it, makes a big difference in how the $ for the prior years is handled
I used up my savings, credit cards, help from my mom, then at the end , I found out I could amt draw on small
on small amt of retirement from few years I worked at a County Hospital that was taken over by another hospital.
Thank you that helped alot
Social Security is only taxable if there is other taxable income to report, such as a W2
Since that's not the case with you, you will have no taxable SS
When you receive retroactive SS like this, you have 2 options on how to handle it
One of the options is to consider it all received in the current year..........and since you have no taxable income, this would be the best option for you
You will not even need to file a Federal Tax Return if this SS is your only income
Well, I get the small amount from county, monthly amt $1500 and current disability of $1,000 mo (or vice versa) currently and most of 2012, starting March or april
You received this income ONLY in 2012?
(the $1500 and $1000/month)?
Got the catch-up check when they decided to award me disability, a monyh or two later started the monthly $1000 cks, and continue to do so. The retirement cks I got thru 2012 and currently.
The last month the large amt represented was for the year2011
Ok.........let me see if I have all of the information correct
In 2012 you received disability from your former employer in the amount of $1500/per month
You were also receiving a separate $ amount ($1000/month)
Does this also represent disability from your former employer, or is this a pension or somerhing?
and finally, who paid for the disability insurance when you were working...........the employer, or did you also contribute?
Monthly ck from fresno County was for $1500 after taxes deducted. I pd disability insurance. Big ck from soc sec was catch=up from time I began application for disability through denials and approval. Then month or two later after big check, they started my monthly disability payments Did I answer the questions. For yr 2012 I rec
Form 1099-R for amt from fresno county. Disability came from separate place - Social Security, both big ck & small monthly ck.
So prior to 2012 when you found out that you qualifed for the disability from your former employer, you lived off of your cc?
Ok........then we need to talk about the other option when you get retroactive SS
You have the choice of counting all of your SS (including retroactive amounts) in the year you received the money (which would be 2012)
The 2nd option is to treat the SS as if you had received the retroactive amounts in the prior year
Since you had not source of income (living off CC) prior to 2012 , you may choose to count the retroactive SS for the years they listed on the 1099SSA
elaborate, what do I do for prior years?
or example, you can count the $11,886 as actually being received that money in 2008
so I need to re-do previous taxes?
You're right, it is a little elaborate, but since you had no income for 2008,2009,2010 and 2011, that means that none of these amounts would generate a tax liability
No, you do not need to file tax returns for the prior year returns
The IRS knows that you didn't file a tax return for those years because there was no income submitted to them under your SS#
My goodness, you give Govt a lot of credit - but I like it!
I've been doing this for a long time
Please file your 1099SSSA where you can find it JUST IN CASE the IRS asks questions, but I honestly don't think you have anything to worry about.
Thank you! I could give you really stellar critical care nursing care in a trauma unit, but law, taxes, $$ is all a mystery Okay, good idea!
That's ok...........I absolutely couldn't do your job.......but I'm smart enough to know that its the nurses that REALLY knows what's going on
If you want..........you can always bookmark this page (even after you rate & pay) and that way IF a question comes up (big if) from the IRS, you can come back and ask follow up questions
I know I'm going to have a less-stressed evening! Hope you have a great evening! Thank you, XXXXX XXXXX will bookmark it
I'm glad I could help
Please feel free to come back anytime.