TN 5 (01-01)

RS 01801.011 Processing of SEI Tax Returns and Crediting Self-Employment Income

A. INTRODUCTION

Beginning December 31, 1968:

  • IRS transmits SEI earnings information to SSA on magnetic media for crediting/posting to SSA's earnings records (E/R's).

  • This SE earnings information is based on the amount of NESE shown on a self-employed individual's Schedule SE.

NOTE: See RS 01804.096 for IRS/SSA posting policies prior to December 31, 1968.

B. POLICY

1. General

All SEI (i.e., NESE of $400.00 or more) is raised to the next dollar before being credited to the E/R, even if the reported SEI is an even dollar amount. This posting rule applies to both initial and adjustment postings transactions received by SSA from IRS or processed/initiated by SSA via Item Correction (ICOR).

2. EXAMPLE

If a farmer reports $1,600.00 SEI under the optional method of reporting, it will be raised to $1,601.00.

3. LAG SEI

Any lag SEI (other than the maximum), will be raised to the next higher dollar before it is used in a computation


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0301801011
RS 01801.011 - Processing of SEI Tax Returns and Crediting Self-Employment Income - 04/02/2001
Batch run: 01/27/2009
Rev:04/02/2001