Are reimbursed COBRA payments taxable?
Amounts you pay to maintain medical coverage for a current or former employee under COBRA should not be reported as taxable wages, provided the plan cover...
Category: General
How is usufruct value calculated?
The usufruct value is calculated by capitalising R2-million allowing for the seller’s life expectancy (according to tables) and multiplying it by 12 per c...
Do brother in-laws count as siblings?
A sibling-in-law is the spouse of your sibling, or the sibling of your spouse, or the person who is married to the sibling of your spouse. More commonly a...
Do pastors need a 1099 or W-2?
Even though a minister receives Form 1099-MISC, he or she may be an employee who should receive Form W-2. A minister’s earned income is net self-employmen...
How long can you be out of the country with permanent residency?
You are allowed to spend time outside of the UK so long as these periods of absence do not exceed 6 months at any one time. It does not matter how much ti...
How much money can you give as a gift in the UK?
How much money can you give as a gift, UK wide, as part of your ‘annual exemption’? You might be wondering how much money can you gift before tax is due o...
Does gross receipt include sales tax?
Gross receipts do not include the following: taxes collected for and remitted to a taxing authority if included in gross or total income (such as sales or...
How to file a New York nonresident income tax return?
Nonresident or part-year resident individuals, see Form IT-203, Nonresident and Part-Year Resident Income Tax Return, and its instructions. Estates and tr...
Does an estate need to file 1099s?
An estate is required to file an income tax return if assets of the estate generate more than $600 in annual income. The IRS can help by providing copies ...
What do you do with W-2 on tax return?
What should I do with my W-2? Use the information on your W-2 to fill out your income tax return. TaxSlayer makes it simple to do this. Submit your return...
