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FIB - Scams 101 - Ye Olde Archives
Posted By: John In Response To: Warning on social security (Janice the nontechnical)
Monday, 31 January 2005, at 3:02 p.m.
Hello,
I am hoping someone can help me. I am looking over a business opportunity called TrueWealthToday.com It's some sort of private gifting club, but the man said its a legal type of gifting and its in code with the IRS. has anyone had any experience with this type of program? I would be very grateful to anyone for any feedback. Thanks all!
John
employers with the most problems and some years letters went
> to any employer with a problem.
> Other times, the letters weren’t allowed to be sent because
> immigrant support groups and their tame Congressmen or employers
> complained. Remember, undocumented workers can be excellent
> employees and you’d be surprised at how many companies complain
> when they get these letters.
> Why agencies don’t help each other
> Credit obtained by imposters using their real name but a stolen
> SSN doesn't appear on the real person’s credit report. They’re
> treated as two separate accounts.
> All the federal agencies have rules or laws prohibiting the sharing
> of information. For instance, SSA won’t notify INS of these types
> of problems.
> Why it will only get worse
> Whether or not you believe there is a near or far-away problem
> with funding social security, the problem is likely to get worse
> thanks to legislators from both parties.
> President Bush’s “immigration reform” creates a Totalization
> agreement with Mexico (if Congress approves it). Totalization
> means a person – whether legally or illegally in the U.S. – can
> get social security and other benefits based on the total time
> worked in both countries.
> Example – you need 40-quarters of work to qualify for social
> security payments. Someone from Mexico could receive social
> security if he worked 20 quarters in the U.S. and 20 quarters
> in Mexico. His U.S. payments would be calculated on the 20
> quarters he worked here. Without totalization, he wouldn’t
> be entitled to any benefits.
> If you read my earlier post, you’ll see under the complicated
> payment formula, low income payers receive a greater percentage
> (not actual dollars) than higher income payers. However, everyone
> receives much more than they paid in.
> Since many of the people who would benefit from this were using
> phony or stolen SSNs to begin with, there is nothing to prevent
> them from falsifying W-2s or other “evidence” of earnings to
> get social security.
> Bottomline
> If you at least 25-years old and not receiving social security,
> you should automatically get a statement from SSA by mail each year.
> Your yearly Social Security Earnings and Benefit Estimate Statement
> lists all earnings posted to your record, along with an estimate of
> benefits.
> It is very important that that you check your Social Security
> Earnings and Benefit Estimate Statement yearly.
> In fact, if you haven't received your statement, that could be
> a symptom of identity theft.
> Look for
> Missing, incorrect, or overstated earnings.
> Earnings should agree with each year's W-2 or tax return.
> Incorrect or misspelled name.
> Incorrect date of birth.
> To request your benefits estimate statement, download Form 7004,
> (requires the Acrobat Reader) at http://www.ssa.gov or call
> the Social Security Administration at 1-800-772-1213. The Social
> Security Fraud Hotline at 1-800-269-0271.
> Save for retirement!!!!!
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