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Department of the Treasury Internal Revenue Service Contents Reminders. 1 Publication 915 Introduction. 915 such as legislation enacted after it was published go to IRS.gov/Pub915. my Social Security account. 2 Cat* No* 15320P Are Any of Your Benefits Taxable. 2 Social Security and Equivalent Railroad Retirement Benefits How To Report Your Benefits. 6 For use in preparing 2017 Returns How Much Is Taxable. 6 Lump-Sum Election. 11 Deductions Related to Your Benefits. 15 Worksheets. 15 Appendix. 20...How To Get Tax Help. 29 Index. 32 Reminders Future developments. For the latest information about developments related to Pub. Social Security beneficiaries may quickly and easily obtain various information from the SSA s website with a my Social Security account to Keep track of your earnings and verify them every year Get an estimate of your future benefits if you are still working Get a letter with proof of your benefits if you currently receive them Change your address Start or change your...direct deposit Get a replacement Medicare card and the tax season* For more information and to set up an account go to SSA. gov/myaccount. Photographs of missing children* The IRS is a proud partner with the National Center for Missing Exploited Children NCMEC. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST 1-800-843-5678...if you recognize a child. Get forms and other information faster and easier at IRS*gov English IRS*gov/Spanish Espa ol IRS*gov/Chinese Jan 03 2018 IRS*gov/Korean IRS*gov/Russian P IRS*gov/Vietnamese Ti ngVi t Comments and suggestions. We welcome your comments about this publication and your suggestions for future editions. You can send us comments through IRS*gov/ FormComments. Or you can write to This publication explains the federal income tax rules for social security benefits and...equivalent tier 1 railroad retirement benefits. It is prepared through the joint efforts of the IRS the Social Security Administration SSA and the U*S* Railroad Retirement Board RRB. taxable. Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system* They are commonly called the social security equivalent benefit SSEB portion of tier 1 benefits. If you received these...benefits during 2017 you should have received a Form SSA-1099 Social Security Benefit Statement Form RRB-1099 Payments by the Railroad Retirement Board Form SSA-1042S Social Security Benefit Statement or Form RRB-1042S Statement for Nonresident Alien Recipients of Payments by the Railroad Retirement Board showing the amount. Although we can t respond individually to each comment received we do appreciate your feedback and will consider your comments as we revise our tax forms instructions and...publications.
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How to edit IRS Publication 915

To edit IRS Publication 915, utilize tools that allow you to fill in fields, make annotations, or update your information. Services like pdfFiller can facilitate this process by enabling you to upload the form, apply edits, and save your changes quickly and efficiently.

How to fill out IRS Publication 915

Filling out IRS Publication 915 requires careful attention to detail and the accurate reporting of your financial information. Follow these steps:
01
Download the publication or use an online tool.
02
Gather all necessary documentation, including income records that relate to tax-exempt interest.
03
Complete each section of the form in accordance with the instructions provided.
04
Review your entries for accuracy before submission.

About IRS Publication previous version

What is IRS Publication 915?

IRS Publication 915 provides guidelines for reporting interest on certain tax-exempt bonds and specific types of municipal bonds. This form ensures that taxpayers correctly declare their income sources and comply with federal tax laws.

What is the purpose of this form?

The primary purpose of IRS Publication 915 is to inform taxpayers about the reporting requirements for tax-exempt interest. It clarifies what qualifies as tax-exempt income and details how to properly report these earnings on your tax return.

Who needs the form?

Taxpayers who received interest from tax-exempt bonds, such as those issued by governmental entities or certain private organizations, must refer to IRS Publication 915. This includes individuals who have reported tax-exempt interest on their returns and those who need to clarify reported amounts.

When am I exempt from filling out this form?

You may be exempt from filling out IRS Publication 915 if you did not receive any tax-exempt interest during the tax year. Additionally, if your total tax-exempt interest is below a certain threshold, you might not need to report it using this form.

Components of the form

IRS Publication 915 includes various sections that detail the definitions, calculations, and reporting requirements for tax-exempt interest. Essential components of the form consist of instructions, income reporting guidelines, and examples to aid in understanding the requirements.

What are the penalties for not issuing the form?

Failure to report tax-exempt interest when required can result in penalties. The IRS may impose fines that can vary based on the severity of the omission, which can impact your overall tax liability and result in additional scrutiny of your tax returns.

What information do you need when you file the form?

To file IRS Publication 915 accurately, gather relevant information, including your total tax-exempt interest income, details regarding the bonds or securities you hold, and any other income documentation associated with tax-exempt earnings. Ensure that all figures are correct to avoid future issues with the IRS.

Is the form accompanied by other forms?

When filing IRS Publication 915, it may be necessary to accompany it with additional forms or schedules depending on your overall tax situation. For instance, Schedule B may need to be included if you must report interest and ordinary dividends.

Where do I send the form?

IRS Publication 915 should be submitted to the IRS with your annual tax return. The specific mailing address depends on your state of residence and whether you are including a payment. Ensure you verify the correct address by consulting the IRS guidelines or the instruction sheet accompanying the publication.

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IRS Publication 915 provides guidance on the tax treatment of Social Security and equivalent railroad retirement benefits.

Individuals who receive Social Security benefits and need to report these benefits on their tax returns may be required to use IRS Publication 915.

To fill out IRS Publication 915, follow the instructions provided in the publication, which include determining the portion of your Social Security benefits that is taxable and reporting it on your tax return.

The purpose of IRS Publication 915 is to inform taxpayers about the reporting requirements and the tax implications of receiving Social Security and equivalent retirement benefits.

The information that must be reported includes the total amount of Social Security benefits received, the portion that is taxable, and any adjustments based on other income.

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