|
|
Austrian Social Insurance Payments
Description
Payments made according to the Austrian General Social Insurance Act (GSIA), paragraphs 500-506, are exempt. Paragraphs 500-506 authorize payments to individuals who suffered a loss resulting from imprisonment, flight from Austria, or other reasons related to political, religious or ethnic persecution, during the period from March 1933 through May 1945.
Note: Austrian social insurance payments received for other reasons are nonexempt.
Verification
To exempt an Austrian GSIA payment, the client must provide:
- An award letter from an Austrian pension insurance agency which includes the following or equivalent language, “the regulations which give preferential treatment for persons who suffered because of political or religious reasons or reasons of origin were applied (Section 500FF ASVG)”, or
- If the client is unable to provide an award letter with the above language, obtain any other verification (corroborating statements from bankers, family members, guardians, conservators, etc.) which states that the client was imprisoned or unemployed in, or forced to flee from Austria during the period 1933-1945 because of political or religious reasons, and that the Austrian check represents compensation according to Section 500FF ASVG of the GSIA.
Related Topics