§418.2245. What will happen if you notify us that your modified adjusted gross income for the more recent tax year changes?
20 C.F.R. § 418.2245
If you notify us that your modified adjusted gross income for the more recent tax year has changed from what is in our records, we may make a new initial determination for each effective year involved. To make a new initial determination(s) we will take into account:
The new modified adjusted gross income information for the more recent tax year you provide; and
Any modified adjusted gross income information from the IRS, as described in § 418.2135, that we have available for each effective year; and
Any modified adjusted gross income information from you, as described in § 418.2135, that we have available for each effective year.
For each new initial determination that results in a change in your income-related monthly adjustment amount, we will make retroactive corrections that will apply to all enrolled months of the effective year.
We will continue to use a new initial determination described in paragraph (a) of this section to determine additional yearly income-related monthly adjustment amount(s) until an event described in § 418.2235 occurs.
We will make a new determination about your income-related monthly adjustment amount when we receive modified adjusted gross income for the effective year from the IRS, as described in § 418.1140(d).
Notes, amendments, and revision history
Authority
Authority: Secs. 702(a)(5), 1860D-13(a) and (c) of the Social Security Act (42 U.S.C. 902(a)(5), 1395w-113(a) and (c)).
Source
Source: 75 FR 75891, Dec. 7, 2010, unless otherwise noted.
Source
Source: 70 FR 77675, Dec. 30, 2005, unless otherwise noted.