Jan 17, 2008

SSA Makes Big 1099 Error

From YubaNet.com:
The California Society of Enrolled Agents (CSEA) reports that its Members have noticed a Social Security Administration (SSA) error affecting 1099s mailed in January. Enrolled Agents are tax professionals licensed by the federal government to represent taxpayers and assist them with tax planning and the preparation of tax returns.

The SSA 1099 miscue, which appears to be nationwide and not confined to California, affects Social Security recipients with Medicare deductions (Part D). The SSA is aware of the problem and plans to run corrected 1099s by the end of the month. No official press announcement has been made, although SSA spokesperson Leslie Walker, Regional Communications Director for California, confirmed to CSEA that the error occurred and will be corrected. According to Ms. Walker, corrected 1099s should be received "no later than January 29." She estimated that the error affects 2.9 million Social Security recipients.

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