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How to use or fill out IRS Notice 703 with our platform
- Click ‘Get Form’ to open IRS Notice 703 in the editor.
- Begin by filling out line A. Enter the total amount from box 5 of all your Forms SSA-1099, including any lump-sum benefit payments received in 2020.
- For line B, multiply the amount from line A by 50% (0.50) and enter the result.
- On line C, input your total taxable income excluding line A, such as pensions and wages. Do not apply any deductions here.
- Enter any tax-exempt interest on line D, such as interest from municipal bonds.
- Finally, add lines B, C, and D together for line E and review the information provided below to determine if your benefits may be taxable.
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