How Form SSA-1099 can affect your taxes The reason why Social Security recipients need to look closely at Form SSA-1099 is that it plays a key role in letting the IRS know whether your benefits ...

And losing one vital piece can take up time that you might not be able to spare. The Social Security 1099 (SSA-1099) or Benefit Statement is a tax form Social Security mails each year in January.

By the time you get Form SSA-1099, it's usually too late to do anything to reduce the amount of Social Security income that you'll pay tax on. But for future years, keep in mind that your outside ...