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I need suggestions on 8955-SSA filing software. All I need is something for the 8955 electronic filing. The IRS site provides a list of vendors but the vendor websites do not provide much information. Thought I'd check here for reviews before calling the vendors listed. Thank you
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An unprecedented number of deaths are going unreported by the SSA. In fact, almost 50% less deaths! This is due a re-interpretation of Section 205® of the Social Security Act that took place in November of 2011 that prohibits the SSA from reporting "State Death Records" in the Public Death Master File (DMF). The SSA is still reporting deaths from every State in the country but these deaths were reported by a "First Party Source" (Family, Friends, Funeral Homes, Hospitals, Coroners, etc.) Below are the annual totals of deaths reported by the SSA from 2010 to 2015: Annual Deaths Reported by the SSA DMF: 2010 to 2015 *2010: 2,450,902 *2011: 2,318,302 (5.4% Decrease - SSA changes took place in NOV 2011) *2012: 1,150,663 (35.5% Decrease) *2013: 1,474,973 (39.9% Decrease) *2014: 1,284,624 (47.6% Decrease) *2015: 1,259,106 (48.6% Decrease) This has led to million of pension overpayments to deceased participants (fraud) and crippled many already underfunded pension plans. This is compounded by the fact that many Defined Benefit plan sponsors use direct deposit and these accounts are shared with a spouse, relative, and/or caretaker. It's the easiest fraud to get away with! What's funny (or not funny) is that the Federal Government IS using these "State Death Records" for government agencies such as the IRS and Medicare but they won't share deaths with the Public including Local and State Government. For more information, please contact Kyle McDonald at PBI at 415-299-8249 or at kylem@pbinfo.com.
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