Taxable and Non Taxable Compensation

Taxable and Non Taxable Compensation Following is IRS Publication 525. This is the general publication covering taxable and non taxable compensation. The IRS provides that all income received from an employer, no matter what form it is, is taxable. Except … Continue reading

Taxable and Non Taxable Compensation

Following is IRS Publication 525.  This is the general publication covering taxable and non taxable compensation.  The IRS provides that all income received from an employer, no matter what form it is , is taxable.  Except where the Internal Revenue … Continue reading

Long Term Care Insurance

Under the Health Insurance Portability and Accountability Act of 1996, Long-Term Care Insurance contracts are generally treated as accident and health insurance contracts. Therefore, amounts received under such contracts are excluded from income as amounts received for personal injuries and … Continue reading