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Social Security Number: Guard It With Your Life

Thursday, April 25, 2013 - 2:18 PM
From Bankrate.com:

http://www.bankrate.com/finance/s...mber-1.asp

This is the most valuable information of us all.  Be sure to guard it carefully; giving out only when it is absolutely positively needed.
6
51hh51hh1,475 posts since
Jan 16, 2010
Rep Points: 6,424
1. Thursday, April 25, 2013 - 6:00 PM
So what are we supposed to do when we pay certain bills and they insist we put the SS on the check so they can make sure it goes to the right account?   Many companies insist we put it on the check!
3
paoli2paoli21,364 posts since
Aug 10, 2011
Rep Points: 5,972
2. Thursday, April 25, 2013 - 7:50 PM
Re: paoli2 @ 1. Thursday, April 25, 2013 - 6:00 PM

The only requirement for placing a SSN on a check that I'm aware of is when submitting a check to the IRS and making it out to the U.S. Treasury. I'd be interested to know which companies insist on placing your SSN on a check to pay a bill so I can avoid doing business with them..
5
ShorebreakShorebreak2,599 posts since
Apr 6, 2010
Rep Points: 14,063
3. Thursday, April 25, 2013 - 8:31 PM
Shorebreak:  I pay bills for my DD and I know there were certain providers which said to be sure to put social security number on check to make sure it would be processed to correct account.  At this time, I can't recall the particular provider but I know I had to put the SS on it each time and it bothered me to do so.
1
paoli2paoli21,364 posts since
Aug 10, 2011
Rep Points: 5,972
4. Friday, April 26, 2013 - 1:54 PM
If it is so dangerous to put the SS number on a check, why would the IRS, of all providers, tell us to be SURE to include it on our checks?  In this day and age one would think they would give us a special number to use for our tax forms which could match us up.
1
paoli2paoli21,364 posts since
Aug 10, 2011
Rep Points: 5,972
5. Friday, April 26, 2013 - 8:27 PM
If it is so dangerous to put the SS number on a check, why would the IRS, of all providers, tell us to be SURE to include it on our checks?  In this day and age one would think they would give us a special number to use for our tax forms which could match us up.

You are absolutely correct.  If I were a thief, once I get your tax payment check, I have most of the information I need (social security, bank name, bank routing number, bank account number).  I can do great damage to your finance with such information!

I think that IRS should allow e-filing with electronic payment (now it seems one-way -- only refund is sent electronically).  Regardless, I think one should do ACH tax payment rather than sending checks.

2
51hh51hh1,475 posts since
Jan 16, 2010
Rep Points: 6,424
6. Saturday, April 27, 2013 - 7:12 AM
There is a way to pay ACH to the IRS. See Welcome to EFTPS online
2
jamesstewartjamesstewart15 posts since
May 22, 2011
Rep Points: 72
7. Saturday, April 27, 2013 - 12:50 PM
James S:  Thanks for the info on the EFTPS. I do estimated taxes in large amounts.  Is there an amount one is limited to using this method?  Thanks!
1
paoli2paoli21,364 posts since
Aug 10, 2011
Rep Points: 5,972
8. Saturday, April 27, 2013 - 3:16 PM
"Is there an amount one is limited to using this method?"

No limits that I know of; you just have to get it set up with the IRS and use the specific account/institution that you designate. Been using this method for years for estimates and 1040 payments. You can program the qtrly estimated payments a year ahead of time; just  remember to fund the account before the ACH takes place.

For electronic filing of a return, just select that you are sending them a check, then program the EFTPS to do the withdrawl by the deadline. I usually e-file in March, and have them ACH the amount due on April 15.
2
jamesstewartjamesstewart15 posts since
May 22, 2011
Rep Points: 72
9. Thursday, May 2, 2013 - 1:18 PM
Be aware any stranger mail or call asking about your birth date and SSN 4 digits then don't give them because by use of bitrth date anyone can stole your identity.
2
thomaseric228thomaseric22813 posts since
Apr 2, 2013
Rep Points: 16
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