Bob   Parrish   CPA, P.C.

A Professional Corporation

PO Box 326

Longboat Key FL 34228

3205 Kermit Hwy Ste 2

Odessa TX 79762

Telephone —

FL 941/387-0926

TX 915/367-3465

 

Fax —

FL 941/387-0823

TX 915/367-3465

 

Email: bobparrish@pro1040.com

On the Web: www.pro1040.com

 

Consultant & CPA For —

Individuals

Shareholders

Partners

LLC Members

Beneficiaries

Trustees & Estate Administrators

Sole Proprietors

 

 

Simply to Help —Helping You To Keep More Of What You Earn and Helping You To Protect What You Keep

  - Helping To Keep Your Life In Balance

 

What Income Will Social Security Allow

Without Reducing Benefits

This article may be used for basic information and educational purposes.  This is not intended to apply to specific circumstances and is for "general knowledge only".  Reading of this article is subject to the blanket and general disclaimers attached hereto -

Disclaimer for all except securities related articles

Social Security benefits are only affected by earnings income.

Income that does not affect Social Security Benefits:

  • Annuity/Trust Funds income

  • Certain retirement payments from a partnership

  • Court-awarded damages

  • Gifts/Inheritances

  • Income from jury-duty

  • Income from rental property-(unless you a dealer or rent out a farm under certain conditions)

  • Interest Income-Tax exempt income is added you adjusted gross income to see how much of your Social Security can be taxed, if any.

  • Sick Pay

  • Stock Dividends (Widely held, closely held, and wholly owned)

  • S Corporation pass-through income, but ONLY IF A REASONABLE SALARY IS PAID TO ANY SHAREHOLDER PERFORMING SERVICES FOR THE S CORPORATION.

 

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