§404.142. How we credit self-employment income to calendar quarters for taxable years beginning before 1978.
20 C.F.R. § 404.142
In crediting quarters of coverage under § 404.141(b)(2), we credit any self-employment income you derived during a taxable year that began before 1978 to calendar quarters as follows:
If your taxable year was a calendar year, we credit your self-employment income equally to each quarter of that calendar year.
If your taxable year was not a calendar year (that is, it began on a date other than January 1, or was less than a calendar year), we credit your self-employment income equally—
To the calendar quarter in which your taxable year ended; and
To each of the next three or fewer preceding quarters that were wholly or partly in your taxable year.
Notes, amendments, and revision history
Authority
Authority: Secs. 205(a), 212, 213, 214, 216, 217, 223, and 702(a)(5) of the Social Security Act (42 U.S.C. 405(a), 412, 413, 414, 416, 417, 423, and 902(a)(5)).
Source
Source: 45 FR 25384, Apr. 15, 1980, unless otherwise noted.