- 6 - amount is includable in petitioner's income for 1998. To the extent any portion of that amount represented an overpayment due to petitioner's excess employment earnings, petitioner is provided relief in the following year by a reduction in the taxable portion of his benefits.2 Respondent, therefore, is sustained on this issue. Reviewed and adopted as the report of the Small Tax Case Division. Decision will be entered for respondent. 2 The Form SSA-1099 issued by the Social Security Administration to petitioner for 1999 reflected total benefits of $31,688, benefits repaid to the Social Security Administration of $28,792, and net taxable benefits of $2,896. Thus, for the year 1999, petitioner was allowed an offset or reduction of his Social Security benefits for the overpayments to him during 1998 and prior years.Page: Previous 1 2 3 4 5 6 7
Last modified: May 25, 2011