Tax Topic 21 - Social Security and Equivalent Railroad Retirement Benefits

After completing this topic you should be able to know how to figure whether your benefits are taxable by using the social security benefits worksheet. In addition, you will know how to report your taxable benefits and how to treat repayments that are more than the benefits your receive during the tax year.

Tax School Homepage

Student Instructions:

Print this page, work on the questions and then submit test by mailing the answer sheet or by completing quiz online.

Instructions to submit quiz online successfully: Step-by-Step check list

Answer Sheet            Quiz Online

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Use IRS Publication 915, and Form 1040 Instructions (Form 1040 instructions only up to page 98) to complete this tax topic.

Please note: Form 1040 Instructions (Form 1040 instructions only up to page 98) will be used for the rest of the topics in the initial tax preparer certification course. You will be responsible to answer questions from the Form 1040 instructions booklet (up to page 98) on every topic so read it carefully.

Tax Return Situation 1:

Prepare a Federal Form 1040A for John Barton. 

Address information on Form SSA-1099 is current. Mr. Barton received Social Security benefits.

In addition to the income receive from his part time job and his Social security benefits, Mr. Barton received $4,000 interest income from his bank.

Mr. Watson's date of birth is August 20, 1948.