A social security number is a nine-digit number designed for US citizens and people who can work temporarily in the US. The social security number located on your social security card plays a major role in different situations. It can be used by the IRS in order to trace people who are not paying their taxes right. It can also be used to record your lifetime income in order to know your benefits once you retire.
There are instances when people are not too careful when it comes to keeping their social security card. This can lead to a number of security issues. What a lot of people don’t realize is that millions of Americans suffer from identity theft. And unfortunately, once someone used your social security number, it can be a bit difficult to trace and to solve.
What are the red flags that someone is using your social security number? One, there is a chance that your bank account is going to report some bills that you have no idea of. You might notice that there are some purchases that you have no idea of. If you notice your bank account being used by other individuals, make it a precaution to close everything. ID theft affidavit comes in handy in disputing new unauthorized accounts.
Next, there is also a chance that someone is going to use your social security number in order to avoid paying taxes. That means the income is going to be reflected in your social security number. In this scenario, you may expect the IRS to go after you.
If you are suspecting identity theft, be sure to review your earnings on your online social security account. The social security administration should be prompted immediately if you see any discrepancy that is going on. You have to call the IRS as well if there are tax issues that have appeared due to this problem.
Getting a replacement
Getting a replacement social security card is the easiest part when you lost the social security card. So how long does it take to get a new social security card? It only takes around a week or two and you will already be able to receive the social security card in your address. You just need two documents in order to prove your identity.
But if you are already dealing with identity theft, it can be a bit of a problem. You will have to make sure that you ask for the credit report every few months in order to monitor if it is already affecting your credit rating. Next, you also have to inform the agencies about the problem.
If the problem can no longer be fixed, it is a good idea to request for a new social security number. However, keep in mind that this should always be the last resort. There is a chance that you will not be given a new one. In fact, you will still need to do all the other solutions before you even resort to a new social security number. A new social security number means that you will have to build your credit rating from scratch all over again.