The Social Security Administration needs to sharpen the understandability factor of the benefit statements delivered to some 140 million workers, according to a survey conducted by the Government Accountability Office. The comptroller general conducted a review to examine how well recipients of SSA statements understand their content, and how the SSA is evaluating the understandability of the benefits statements. Many participating in the survey recalled receiving a statement, but had little recollection of its components, which they judged less well presented than some comparison statements that they reviewed. The GAO recommended that the SSA develop a plan for regular evaluation of the benefit statements, and that it should use the resulting information to determine whether changes need to made in format or content.
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The Internal Revenue Service canceled contracts as part of the federal effort to reduce overall spending — but the effect it will have on taxpayer services is yet to be seen.
3h ago -
How accounting practices are valued has changed enormously — and is going to keep changing.
10h ago -
A recent report has found that the majority of cryptocurrency holders are aware transactions are taxable and want to comply, but struggle with actually doing so.
11h ago -
In a marathon deposition, Richard Kahn gave a picture of child trafficker Jeffrey Epstein's finances and his operations to a House committee.
March 29 -
A recent study by the Treasury Inspector General for Tax Administration found that the IRS has spent $15.7 billion of the $26 billion remaining from the 2022 Inflation Reduction Act.
March 27 -
The winner of the inaugural season of the reality show was ordered to pay back taxes on that prize by a federal judge.
March 27








