This lesson will help you assist taxpayers who have social security and equivalent railroad retirement benefits. These benefits may or may not be taxable.
To properly report income, use the interview techniques and tools discussed in the Screening and Interviewing lesson. The intake and interview sheet lists social security and railroad retirement benefits in the Income section.
Ask the taxpayer about the receipt of either of these benefits. The Social Security Administration issues Form SSA-1099, Social Security Benefit Statement, to social security benefit recipients. The Railroad Retirement Board issues Form RRB-1099, Payments by the Railroad Retirement Board and Form RRB-1099-R, Annuities or Pensions by the Railroad Retirement Board.
See Publication 575, Pension and Annuity Income, and Publication 915, Social Security and Equivalent Railroad Retirement Benefits, for additional information on the topics discussed in this lesson.