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What else can I help you with?
Is mileage reimbursement for an executor of an estate taxable?
No it is not considered taxable. As long as the reimbursement meets the current IRS standards, it is not considered income.
Can the IRS seize a pension if it is your only income?
Yes some pension income can be seized by the IRS.
What happens if I didn't claim income and the IRS finds out?
if the IRS finds out that a person does claim income, the IRS can audit the person. If audited, the person will have to go in person to their local IRS agency and explain the situation.
Is a 4 dollar per delivery payment to a driver for a Chinese restaurant considered taxable income or a reimbursement by the IRS?
It is simply taxable income, whatever he gets paid however you want to call it......the IRS does NOT reimburse...nor could i imagine what you think they would reimburse for?
What is a 1099-C from a creditor?
It is the notice given to the debtor and the IRS that the debt has been cancelled. The amount of the debt is now considered taxable income under IRS regulations and must be included on the debtor's tax return.
Is free rent considered taxable income?
Yes, free rent is generally considered taxable income by the IRS.
What are the different IRS 1099 forms used for?
IRS 1099 forms are used to report income that can not be reported elsewhere or considered miscellaneous income.
Is it illegal to deny receiving cash or gifts to the IRS?
Yes, it is illegal to deny receiving cash or gifts to the IRS. This could be considered tax evasion or fraud if the cash or gifts were not reported as income on your tax return. It's important to report all sources of income to the IRS to avoid penalties or legal consequences.
Is the free rent provided to apartment managers considered taxable income?
Yes, the free rent provided to apartment managers is generally considered taxable income by the IRS.
Is unemployment income considered compensation income for Roth contribution?
The IRS says no. See the Related Link below for more information.
Should I include work study in my taxes?
Yes, you should include work study income in your taxes as it is considered taxable income by the IRS.
Is mileage reimbursement for an executor of an estate taxable?
No it is not considered taxable. As long as the reimbursement meets the current IRS standards, it is not considered income.
Can the IRS seize a pension if it is your only income?
Yes some pension income can be seized by the IRS.
Are PTO payouts subject to taxation?
Yes, PTO payouts are generally subject to taxation as they are considered taxable income by the IRS.
What happens if I didn't claim income and the IRS finds out?
if the IRS finds out that a person does claim income, the IRS can audit the person. If audited, the person will have to go in person to their local IRS agency and explain the situation.
Is PTO subject to taxation?
Yes, PTO (paid time off) is typically subject to taxation as it is considered taxable income by the IRS.
Is a 4 dollar per delivery payment to a driver for a Chinese restaurant considered taxable income or a reimbursement by the IRS?
It is simply taxable income, whatever he gets paid however you want to call it......the IRS does NOT reimburse...nor could i imagine what you think they would reimburse for?
