Self-employed and closed your business: IRMAA and proof
By Elder PaperworkUpdated
Short answer
A work stoppage also applies when you stop working for yourself.
Social Security names the sale of a business or corporation as an example.
Proof: records of the business transfer or sale, or your signed statement on the form.
Sources: POMS HI 01120.030; Form SSA-44 (12-2025). Read November 4, 2026.
Key facts
Does closing my business count?
Yes. Social Security lists the sale of a business or corporation as a work stoppage.
If you only cut your hours, it is a work reduction instead.
What proof do I need?
- Records of the business transfer or sale
- Corporate minutes
- Original or certified business transfer documents
Without them, Social Security accepts your signed statement on the form, under penalty of perjury.
What about the gain from selling the business?
A capital gain from a sale is a one-time jump and is not itself a life-changing event.
The work stoppage is the event. Report the income you have after it.
Find out in a few minutes if you qualify.
Check my savingsHow do I ask?
Social Security lists these ways to send Form SSA-44 with your evidence:
- Online, after you sign in to your account
- By phone at 1-800-772-1213 (TTY 1-800-325-0778)
- By fax or mail to a Social Security office
You can do this yourself, for free.
Box by box: how to fill out Form SSA-44.
Questions
Do self-employed people qualify?
Yes. Selling or transferring your business can be a work stoppage.
What if I have no sale papers?
Your signed statement on the form, under penalty of perjury, is accepted.
Does the sale gain count against me?
It is part of that year’s income. The work stoppage lets you ask for a newer year.