HaroldinGeorgia

Jeff: I just got confirmation for one I filed back in August. Had to submit a new 1023 with all the backup. As Uncle Sam says, there is lots of specific info on IRS website that is required. Specific address, etc. to get retroactive reinstatement. Very frustrating, as usual, dealing with them, but finally got to a reasonable individual who helped us out. Good Luck.

Gail, Thanks. I think this is confirmed.

I need help, or confirmation, on a RRB 1099-R, Georgia resident. Haven't had a RR retiree for years. Facts are: Spouse worked for Norfolk Southern for 30 years; turned 60 on 8-25-2006; took early retirement effective 9-1-2006; received first check (deposit) 10-1-2006, so received 3 payments in 2006. For 2006, received RRB 1099-R showing: Box 3 - Employee Contributions = 32,466 Box 4 - Contributory Amt Paid = 7,696 Box 7 - Total Gross Paid = 7,696 Box 9 - Fed W/H = 543 Husband is entitled to receive benefits after her death, so I consider it a "multiple life Annuity" Based on Pub 575, I calculate Taxable Benefits by dividing employee contributions of 32,466 by 360 (from Table 2)=90X3months= $270 Nontaxable, so $7,426 is Taxable amount for 2006. Same situation for 2007, except full year's benefits. I feel comfortable that this is correct for Federal; however, my question is on Georgia. I was advised that the Federal taxable amount was taxable to GA until she reaches age 62. I went to the rrb.gov website, looked at the Railroad Retirement and Survivor Benefits handbook, and on page 40 it says "Tier 1 benefits exceeding social security benefits, such as retirement benefits payable between ages 60 and 62,---- are treated like private pensions for FEDERAL income tax purposes. The Raidroad Retirement Act specifically exempts benefits paid by the Board from STATE and local income tax." Can anyone confirm that my calculations are correct, and that this is Not taxable to GA? Thanks,

Jake is correct; it is the RR equivelant to Medicare. Just had one myself.