How Does A Lump Sum Settlement Affect Social Security?

How Does A Lump Sum Settlement Affect Social Security?

Key Takeaways: A lump sum settlement is a one-time payment given to an individual instead of receiving payments over time. It is commonly received in cases such as personal injury lawsuits, workers’ compensation claims, or as a result of an inheritance. A lump sum settlement can affect social security benefits by reducing the amount of…

Why Do You Need A Social Security Number?

Why Do You Need A Social Security Number?

Key Takeaway: A Social Security Number (SSN) is a unique identifier issued by the U.S. government. It is essential for various purposes such as government benefits, employment and taxes, and banking and credit. Government benefits such as Medicare, retirement benefits, and disability benefits require an SSN. It is also necessary for employment purposes, to file…

How To Pay An Employee Without A Social Security Number?

How To Pay An Employee Without A Social Security Number?

Key Takeaway: One option for paying employees without a social security number is to use an Individual Taxpayer Identification Number (ITIN) and file taxes using form W-7. This requires the employee to apply for an ITIN and for the employer to obtain an Employer Identification Number (EIN) from the IRS. Another option is to use…

Why Is The Social Security Website Not Working?

Why Is The Social Security Website Not Working?

Key Takeaways: There may be multiple possible causes for the Social Security website not working, including technical issues or maintenance updates. During a website outage, certain Social Security services may be unavailable to beneficiaries, including online account access and applications. Beneficiaries can still access Social Security information through alternative methods, such as by phone or…

Where Is The Social Security Office In New York?

Where Is The Social Security Office In New York?

Key Takeaway: The social security office in New York is located at 123 William St, New York, NY 10038. It is conveniently accessible by public transportation. There are various types of social security services available, including retirement benefits, disability benefits, and survivor benefits. Additionally, the office offers assistance with applying for Medicare. To schedule an…

How To Establish Paternity For Social Security Survivor Benefits?

How To Establish Paternity For Social Security Survivor Benefits?

Key Takeaway: Establishing paternity is crucial for qualifying for Social Security survivor benefits. This involves confirming the biological connection between a child and the deceased parent. There are several ways to establish paternity, including providing biological evidence, relying on the legal presumption of paternity, or voluntarily acknowledging paternity. The steps to establishing paternity may involve…

How Toget A Replacement Social Security Card?

How Toget A Replacement Social Security Card?

Key Takeaway: Replace a Social Security card to protect your identity: If your Social Security card is lost, stolen, or damaged, it’s important to get a replacement as soon as possible. This can help prevent identity theft and protect your personal information. Follow the requirements for getting a replacement card: To get a replacement Social…

How To Calculate Social Security Survivor Benefits?

How To Calculate Social Security Survivor Benefits?

Key Takeaway: Social Security Survivor Benefits provide financial assistance to the surviving dependents of a deceased worker who was eligible for Social Security benefits. To be eligible for Social Security Survivor Benefits, the surviving dependents must meet certain criteria, such as being a spouse or child of the deceased worker and meeting age or disability…

What Should I Wear To My Social Security Hearing?

What Should I Wear To My Social Security Hearing?

Key Takeaway: Importance of dressing appropriately for a Social Security hearing: Dressing appropriately for a Social Security hearing is important as it demonstrates respect for the court and it also helps to create a positive impression on the judge. Guidelines for choosing appropriate attire for a Social Security hearing: The guidelines for choosing appropriate attire…