Ask a CPA

If you receive Social Security Disability benefits, you will become eligible for Medicare after the date Social Security decides your disability began. Speak to the Medicare Administration via e-mail at www.hcfa.gov. There also is a Medicare website at www.medicare.gov. for more details.

If you qualify, you will continue to receive your social security Disability benefits as long as your condition keeps you from working. Your case will be reviewed periodically to see if there has been any improvement in your condition and whether you are still eligible for benefits. If you are still disabled when you reach full retirement age, your disability benefit will be automatically converted to a retirement benefit of the same amount.

If you work in a job that is covered by Social Security, you and your employer must pay the Social Security and Medicare taxes on your earnings even if you are already receiving Social Security benefits.
The same is true if you are self-employed. You are still subject to the Social Security and Medicare taxes on your net profit.

If you and your wife both worked and contributed to Social Security then you can each get your own benefits or she can get half the amount of yours, whichever is greater.
If your wife's own benefit is more than one half of your amount, you will each get your own benefit.,
If your wife's own benefit were less than half of yours she would receive her amount plus enough on your record to bring it up to the half amount.

Generally, if your retirement pension is from work where you also paid Social Security taxes, it will not affect your Social Security benefit. Pensions based on work that is not covered by Social Security such as the federal civil service and some state, local, or foreign government systems probably will reduce the amount of your Social Security benefit. Speak to your local CPA or the Social Security Administration for more details.

When the social security administration averaged out your 35 highest years of earnings to estimate your benefits on your social security Statement, it was assumed you would continue to work up to age 62, making the same earnings you made last year.
If, instead, you have zero earnings each year over the next 6 years, your average earnings will probably be less and so will your benefit.
You can use the Social Security Benefits Calculators to see how this will affect your monthly benefit amount. The Social Security Benefits Planner is located at http://www.ssa.gov. In addition to using the SSA website, you can call SSA toll-free at 1-800-772-1213.

You can get a free copy of the IRS Small Business TXA Guide'S via the internet from the IRS at http://www.irs.gov/businesses/small/article/0,,id=99083,00.html and click on the desired guide.

Form 1120, Any amount , Mail to Deptartment of the Treasury, IRS, Ogden, UT 84201-0012
Form 1120S, Any amount , Mail to Deptartment of the Treasury, IRS, Ogden, UT 84201-0013
Form 1065, Any amount , Mail to Deptartment of the Treasury, IRS, Ogden, UT 84201-0011
Form 1041, without payment , Mail to Deptartment of the Treasury, IRS, Ogden, UT 84201-0048
Form 1041, with payment , Mail to Deptartment of the Treasury, IRS, Ogden, UT 84201-0148

If your total assets at the end of the year is less than $10 million and Schedule M-3 is not filed Mail return to Department of the Treasury, Internal Revenue Service, Cincinnati OH 45999. If your total assets at the end of the year is more than $10 million and Schedule M-3 is filed Mail return to Department of the Treasury, Internal Revenue Service, Ogden, UT 84201
Form 1065, less than $10 Million -Dept of the Treasury, IRS, Cincinnati OH 45999-0011- Form 1065, $10 Million or more-Dept of the Treasury, IRS, Ogden, UT 84201-0011

Form 1120, Any amount , Mail to Dept of the Treasury, IRS, Ogden, UT 84201-0012 Form 1120S, Any amount , Mail to Dept of the Treasury, IRS, Ogden, UT 84201-0013 Form 1065, Any amount , Mail to Dept of the Treasury, IRS, Ogden, UT 84201-0011 Form 1041, without payment , Mail to Dept of the Treasury, IRS, Ogden, UT 84201-0048 Form 1041, with payment , Mail to Dept of the Treasury, IRS, Ogden, UT 84201-0148