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Tax Angel

Wednesday, April 13, 2011. Long Term Disability and Third Party Sick Pay. QUESTION: Are long term disability payments or third party sick pay taxable? ANSWER: If your employer pays the entire cost of the insurance then it is taxable. If you pay any portion of the insurance payments by payroll deduction or otherwise, then that portion is not taxable. Be sure to let your accountant know whether you paid any portion of the insurance premiums.*. Posted by Cheryl Barnes. Friday, January 8, 2010. If the clothe...

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Wednesday, April 13, 2011. Long Term Disability and Third Party Sick Pay. QUESTION: Are long term disability payments or third party sick pay taxable? ANSWER: If your employer pays the entire cost of the insurance then it is taxable. If you pay any portion of the insurance payments by payroll deduction or otherwise, then that portion is not taxable. Be sure to let your accountant know whether you paid any portion of the insurance premiums.*. Posted by Cheryl Barnes. Friday, January 8, 2010. If the clothe...
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Tax Angel | taxangel.blogspot.com Reviews

https://taxangel.blogspot.com

Wednesday, April 13, 2011. Long Term Disability and Third Party Sick Pay. QUESTION: Are long term disability payments or third party sick pay taxable? ANSWER: If your employer pays the entire cost of the insurance then it is taxable. If you pay any portion of the insurance payments by payroll deduction or otherwise, then that portion is not taxable. Be sure to let your accountant know whether you paid any portion of the insurance premiums.*. Posted by Cheryl Barnes. Friday, January 8, 2010. If the clothe...

INTERNAL PAGES

taxangel.blogspot.com taxangel.blogspot.com
1

Tax Angel: Corporation, S Corporation, or Limited Liability Company?

http://taxangel.blogspot.com/2010/01/corporation-s-corporation-or-limited.html

Tuesday, January 5, 2010. Corporation, S Corporation, or Limited Liability Company? Understanding the differences between these types of businesses can help you in deciding how to structure your business to maximize tax savings. I'll begin with a brief description of each type in terms of taxes:. Limited Liability Company (LLC). Okay, so which is the better business type? Personal Income tax brackets vary by income. The highest bracket (35%) is for taxpayers earning more than $372,500 per year (after...

2

Tax Angel: Deducting Expenses as an Employee

http://taxangel.blogspot.com/2010/01/deducting-expenses-as-employee.html

Friday, January 8, 2010. Deducting Expenses as an Employee. If you incur expenses related to your job, and you aren't reimbursed by your employer, those expenses can be deducted using Form 2106, which carries over to your Schedule A. It falls within the 2% deduction section, meaning that the portion of the total expenses that is more than 2% of your income is deductible. Work Clothes or Uniforms. Dry Cleaning and Mending. The upkeep of your work clothes and uniforms is deductible, if the item requires it...

3

Tax Angel: Long Term Disability & Third Party Sick Pay

http://taxangel.blogspot.com/2011/04/long-term-disability-third-party-sick.html

Wednesday, April 13, 2011. Long Term Disability and Third Party Sick Pay. QUESTION: Are long term disability payments or third party sick pay taxable? ANSWER: If your employer pays the entire cost of the insurance then it is taxable. If you pay any portion of the insurance payments by payroll deduction or otherwise, then that portion is not taxable. Be sure to let your accountant know whether you paid any portion of the insurance premiums.*. Posted by Cheryl Barnes. Subscribe to: Post Comments (Atom).

4

Tax Angel: January 2010

http://taxangel.blogspot.com/2010_01_01_archive.html

Friday, January 8, 2010. Deducting Expenses as an Employee. If you incur expenses related to your job, and you aren't reimbursed by your employer, those expenses can be deducted using Form 2106, which carries over to your Schedule A. It falls within the 2% deduction section, meaning that the portion of the total expenses that is more than 2% of your income is deductible. Work Clothes or Uniforms. Dry Cleaning and Mending. The upkeep of your work clothes and uniforms is deductible, if the item requires it...

5

Tax Angel: April 2011

http://taxangel.blogspot.com/2011_04_01_archive.html

Wednesday, April 13, 2011. Long Term Disability and Third Party Sick Pay. QUESTION: Are long term disability payments or third party sick pay taxable? ANSWER: If your employer pays the entire cost of the insurance then it is taxable. If you pay any portion of the insurance payments by payroll deduction or otherwise, then that portion is not taxable. Be sure to let your accountant know whether you paid any portion of the insurance premiums.*. Posted by Cheryl Barnes. Subscribe to: Posts (Atom).

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Wednesday, April 13, 2011. Long Term Disability and Third Party Sick Pay. QUESTION: Are long term disability payments or third party sick pay taxable? ANSWER: If your employer pays the entire cost of the insurance then it is taxable. If you pay any portion of the insurance payments by payroll deduction or otherwise, then that portion is not taxable. Be sure to let your accountant know whether you paid any portion of the insurance premiums.*. Posted by Cheryl Barnes. Friday, January 8, 2010. If the clothe...

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