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SSA Annual Report

Discussion in 'Expat Section' started by Happy Camper, Jul 17, 2020.

  1. Happy Camper

    Happy Camper DI Senior Member Showcase Reviewer

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    This is for US personnel who have to file the SSA Annual Report.

    I contacted the SSA in Manila and asked how we could return the forms, especially since the Post Office is not accepting US bound mail for now. Wondering if it could be an attachment to an email or just send it to them and they could send it on to Wilkes Barre for us.

    They replied. The Annual Report is suspended until further notice and suggested that I check back in November.

    So those that might be worried about this issue can rest a little easier.
     
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  2. Marmar

    Marmar DI New Member

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    Thanks i've been worried about that since my pension has been cut off twice since I've been here almost 6 years now.
     
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  3. djfinn6230

    djfinn6230 DI Senior Member

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    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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  4. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    And have they ever cut off any tax you owe them? I guess not.
     
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  5. Rye83

    Rye83 with pastrami Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    They do if you work overseas.
     
  6. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    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.
     
  7. JoyDelicacies

    JoyDelicacies DI Member

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    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.
     
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  8. Rye83

    Rye83 with pastrami Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    There is that but every American is also given an overseas income exclusion tax credit even if they aren't subject to local taxes. This "credit" is applicable to incomes up to around $105k USD (adjusted every year for inflation). You will still pay your full social security and Medicare taxes but no income tax needs to be paid to the USG on the first $105k of income (a 20-25k USD tax savings if you are at the maximum income).

    I don't believe government pensions (Social Security/disability checks) are subject to income taxes regardless of where you live. Now if you owe back taxes from when you are working that is a completely different story. The government is going to get that money eventually. Should have paid your taxes or been a bit smarter with you finances if you find yourself in that situation.
    The government has always paid me in a timely manner when they owed me. Maybe that's because I hire tax professionals to do the paperwork for me and have always submitted all documents correctly the first go around. I've had disagreements on taxes with state governments (Indiana) and I never paid them a dime. So it is not always the case that governments get what they demand...but again, that's likely because I've hired tax professionals to handle this stuff. CPAs have always gotten me back more on my tax returns than when I tried to do them myself...and far more than the price they charged for their services.
     
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  9. djfinn6230

    djfinn6230 DI Senior Member

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    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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  10. Rye83

    Rye83 with pastrami Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    The issue doesn't sound like it is an issue with the IRS, sounds like it is an issue with the postal system in the Philippines.

    There is a second stimulus check coming?
     
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