SSA Annual Report

Thanks i've been worried about that since my pension has been cut off twice since I've been here almost 6 years now.

 

Suggest you get a USA address. It could be a family member that you visit once in a while so you can claim partial residency. Then enroll in the online SSA site to stay in touch with them. USA address gets no dead or alive forms to fill out. Also, you can enroll in medicare and medigap in case you need US long term medical care like heart bypass and cancer treatment.


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And have they ever cut off any tax you owe them? I guess not.

 

Do you mean that if working overseas a US citizen is not due to pay some taxes (perhaps because of double-taxation avoidance)? If so, then I am thinking that tax was not due, so was not cut in the way I meant.

If a person has, say $10,000 pension stopped and actually owes $12,000 in tax, I am asking does the government ensure that his tax is also stopped or reduced. I know, of course, the answer is 'no', as they have all the power - the power to force people to pay what they are owed but to refuse to pay what they owe others.

 

In the USA the government will put a lien on your SS retirement if you owe them money but in my experience they are limited to withholding 15 % per month. I am not a tax attorney or consultant and don't know if there are exceptions to this 15%. I had a bill with them for 5 figures that got to the point of them withholding that 15 %. It took a while but I negotiated the bill to 0.00$ and the government had withheld that 15% only for two months. They promptly refunded the 15% they had withheld for the two months. Although I know of many true horror stories, that is my personal experience.

 

SSA can be taxed. I am. If you earn over a certain limit, regardless of age, then they start gradually taxing percentages of total SS income. People who live here earning 1500 month SS pensions with no other source are not taxed on SS but others may have a pension or pensions from private companies plus they may have made withdrawals from 401k’s that add to the number. I think when your income hits 100k or so, SS pensions are fully taxed. I do not know how SS disability is handled.

Up to this year I could have said the same thing about federal taxes. My State taxes took forever.

Some years ago, somebody apparently tried to file taxes under my SS number, so claimed the IRS. I was told they do that to steal one’s refund (of course). It would not have worked very well because I actually owed a few hundred that year. But, once this happens, they assign you to a five digit PIN process FOR LIFE where the PIN changes every year and you receive it by mail. They send it here by Phil post (big problem for me). Last year I finally received it after taxes were due so my alternative was to file a paper return without PIN...E-File not allowed without the PIN. Being retired, I have a lot withheld and get a lot back and consider the pending refund to be like a savings account. Obviously I am not a financial analyst lol. But last year I filed by paper return and got my refund rather quickly (DHL to Austin). This year I also filed paper DHL to Austin but still have not received my refund, nor have I received my PIN which is moot because I filed a paper return. It simply indicates how slow things move through Phil post since they send the pins out in Jan.

This year the problem is covid. They ask you not to tie up the phone lines asking questions if you filed by paper because they are way behind. So I will wait probably a long time for my non-interest bearing money to become available by direct deposit. Stimulus number 2 will probably arrive before my refund this year.

I had the same experience. Usually my taxes have been quite standard being paid as a regular employee with a mortgage and no complex financial issues other than a 401k, a pension from a previous company and employee stocks. But one year I cashed in some long term employee stocks that were paying dividends every year and reinvested plus the stocks increased in value so it became very complicated. I had also sold stock options. It looked to me like I would owe them a lot so I took it to a CPA and I ended up “even”, no tax payment and no refund. The few hundred that I spent for that was well worth it as he found deductions or credits that I was not aware of.


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