Social Security

Sharebuilder is not ACAT Eligible and not able to participate in ACAT transfers; therefore, they do not have a DCT#

You may want to seek some face to face professional assistance about this trust.

When you are the personal representative of the taxpayer estate, I.e., you are the administrator, executor or the person in charge of the taxpayer property. You will use one of the 1040 tax forms for the final return of the taxpayer.

After entering the deceased name, and date of death at the top of the tax form, you sign your name in the signature block and add the words "filing as personal representative". You also need to complete IRS Form 56, Notice Concerning Fiduciary Relationship and send it with the return.

Also if a refund is due then a form 1310 is needed to assure that the refund is issued in the Per. Rep's name.

You can obtain a copy of this form by going to the IRS gov website using the search box for form 1310 or clicking on Forms & Instructions. This will take you to a page where you can pick and choose whatever forms and publications you need.

Go to the IRS gov web site and use the search box for PUBLICATION 559 for Survivors, Executors and Administrators.

And of course you do not want to forget about the state as they may have some different filing requirements.

Publication 559 is designed to help those in charge of the property (estate) of an

Individual who has died (decedent). It shows them how to complete and file federal income tax returns and points out their responsibility to pay any taxes due.

A comprehensive example, using tax forms, is included near the end of this publication.

California

I would contact a lawyer over denied social security benefits if you have tried your best to resolve the issues with the company yourself. If it is worth the lawyer fees that is.

If a person is judgment proof filing bankruptcy would not be needed. The reason this is done in the majority of the cases is (1) To protect the consumer in case sometime in the future they acquire nonexempt assets, such as an inheiritance. (2)To stop creditor/collector phone calls, mail, etc. (3) To avoid lawsuits, even if there are no assets some creditors will still file a suit, in the hopes of collecting at some future time. It is not necessary to use an attorney to file your Chapter 7. You can use a paralegal, or there are programs you can utilize through your state or city that will allow free or reduced costs in regards to filing. I think there are also payment plans available with the court as well for filing fees.

yes

if my ex spouse dies can i receive benefits on his SS if i am disability

Yes, if you have significant heart muscle damage causing chronic congestive heart failure, abnormal heart rhythms (arrhythmia), or low efficiency (ejection fraction generally <20%, normal is 55-65%).

For the year 2010, When you have one employer the amount of FICA (OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60.

You do NOT have any cap LIMIT on the MEDICARE insurance contribution amount so the 1.45% amount will continue to be withheld on your earnings over the above limit and will be matched by your employer at the 1.45% amount for a total 3.90% of all of your earned income for the year.

Yes, bonuses are like wages. They are subject to the same income and Medicare taxes.

They are from Maryland.

YES

It is put in an account and when you retire it is paid back to you. To get this you have to have 40 quarters paid into it and be 67 years old. Congress soon will be working on changing the retirement age and the way you receive money. It is all ready against the law since Reagan for teachers to get social security no matter if they have worked other jobs and paid into the system.

No the retirement income is not a EARNED income. And the amount of your retirement income that you receive during the year would NOT be included in the earnings test amount that could reduce your SSB amount for the year.

No. Once you're divorced the SS treats you as two separate people.

"Ordinary income" means all income except capital gains.

Social Security is only deducted from covered wages and self-employment. It is not deducted from interest, rents, royalties, pensions, and other types of ordinary income.

If it is the error of the organization's paperwork, write them with the necessary information for the account and inform them of the mistake. If you deliberately gave them a false number or some else's, you could have a problem. It would be easy to have one number transposed or wrong. But pretty hard to explain if the whole SS# was submitted incorrectly.

The question does not make sense. Please reword it

No, unless you went to court and was granted temporary guardianship.

The current social security rate is 15.30% including all the components. Half is paid by your employer and half by you.

Yup, you can collect any pension money coming to you without it affecting your social security.

Yes. At present, Missouri taxes Social Security benefits based on total income. This will phase out at the end of the 2010 tax year. There will be no state tax on benefits received in 2011.

You can try.

When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60

If you have more than one employer and your combined wages reported on your W-2 are more than the 106800 amount and your withheld social security amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return when you file the 2010 tax return in the year 2011.

For the individual taxpayer that is filing the 1040 federal income tax return does NOT get a deduction for the FICA (social security taxes) that are withheld from the taxpayers earnings for the year.

If you have more than one employer and your combined wages reported on your W-2s are more than the 106800 amount and your withheld social security tax amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return when you file the 2009 income tax return this year in 2010 or the 2010 tax return in the year 2011.