Question

You should avoid giving out your Social Security number whenever possible; however, in some circumstances you will have to share it. What is the MOST appropriate situation to share your Social Security number

Answer 1

You are either engaging in activity that must be reported to the IRS or the tax division of your state; or. You are taking part in a transaction involving money that is covered by the customer identification program is the MOST appropriate situation to share your Social Security number

What is the most appropriate situation to share your Social Security number?

Keep your Social Security number private. Never carry your card or any other card that might contain your number about with you, such as a health insurance card. Never include your number on checks. Due to the fact that it allows them access to your bank accounts and credit report, it is the main target for identity thieves.

The most appropriate situation to share your Social Security number:

• Upload to a protected website: The majority of the time, the safest approach to exchange your financial and medical records is to upload them to a password-protected secure "portal" or cloud platform using your employer's, bank's, or accountant's login credentials.
• Either you are doing anything that needs to be reported to the IRS or your state's tax department; or. You are participating in a financial transaction protected by the customer identification program is the MOST appropriate situation to share your Social Security number.

• keep your Social Security number a secret, you may occasionally need to divulge it. You'll be asked for your Social Security number when opening a bank account or applying for a loan, and if you take a job, your new employer will need a copy of your Social Security card on file.

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