Cut off social security number in ODM

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Aug 6th, 2022
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How to cut off social security number in ODM

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iamp;#39;m about to tell yamp;#39;all untold truth that a lot of people donamp;#39;t talk about yo ssn is basically a credit card and youamp;#39;re probably thinking what you mean by that what a lot of people donamp;#39;t know is that the federal reserve holds millions of our dollars your social security number your credit card when you go and try to get a credit card the banks use your money and then lend it to you and then charge you interest on your own money they accessing your money with your ssn yamp;#39;all gotta study these consumer laws and it gets much deeper than that

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For banks, its considered standard procedure and isnt a cause for concern if the deposit is legitimate. These procedures exist to help prevent money laundering, counterfeit deposits and similar financial crimes from occurring.
Pursuant to Regulations section 301.6109-4, all filers of Form 1099-INT may truncate a recipients TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)) on payee statements.
As a safeguard against identity theft, the Internal Revenue Service (IRS) allows payers to truncate, or shorten, the payees taxpayer identification number (SSN, FEIN, or ITIN) on the copy of Form W-2 or 1099 that the payer gives to the payee.
W-2 Form with full SSN (including W-2C, W-2G, etc.) SSA-1099 Form with full SSN (including SSA-1099-SM, SSA-1099-R-OP1, etc.) Non-SSA 1099 Form with full SSN (including 1099-DIV, 1099-MISC, etc.) 1098 Form with full SSN (including 1098-C, etc.)
An IRS truncated taxpayer identification number (TTIN) is an individuals social security number (SSN), IRS individual taxpayer identification number (ITIN), IRS adoption taxpayer identification number (ATIN), or IRS employer identification number (EIN) in which the first five digits of the nine-digit number are
(a) All DoD personnel and contractors shall reduce or eliminate the use of SSNs wherever possible. (b) Use of the SSN includes the SSN in any form, including, but not limited to, truncated, masked, partially masked, encrypted, or disguised SSNs. (c) SSNs will not be used in surveys, spreadsheets, or hard copy lists.
Truncation of SSNs on employee copies of Form W-2 is voluntary. You are not required to truncate SSNs on employee copies of Form W-2. Check with your state, local, or territorial governments to determine whether you are permitted to truncate SSNs on copies of Form W-2 submitted to the government.

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