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TREAS/IRS RIN: 1545-BM67 Publication ID: Fall 2023 
Title: Election Regarding Lump-Sum Payment of Social Security Benefits  

This regulation sets forth the procedure and time limitation for making the statutory election regarding the taxation of lump-sum payments of Social Security benefits that are received in a taxable year, but are attributable to one or more prior taxable years. The regulation also sets forth the procedure and time limitation for revoking the election.  Treasury is considering whether it can achieve relevant statutory objectives at a lower cost.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 86(e)   
Legal Deadline:  None
Action Date FR Cite
NPRM  06/00/2024 
Additional Information: REG-104759-15 (NPRM) Drafter attorney: Alfred Kelley (202) 317-4774 Reviewer attorney: Neil Shepherd (202) 317-4774 Treasury attorney: Boyd Brown (772) 201-0022 CC:EEE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Alfred G. Kelley
General Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4311,
Washington, DC 20224
Phone:202 317-4774
Fax:855 592-9845