Tax Treatment of Emotional Distress Damages
A frequent question has to do with the taxation of damages awarded for emotional distress. Damages for physical injury or physical sickn...
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The Tax Professionals Blog · 446 articles
Filing When Married to a Non-Resident Alien Spouse
Generally, a U.S. citizen or a U.S. resident who is married to a nonresident alien must file as Married Separate. However, a person who...
Read moreSick Pay - Who Pays the Tax?
The taxability of sick pay depends upon whether the taxpayer paid the sick pay insurance premiums or the employer funded the sick pay.
Read moreResident Apartment Manager Tax Issues
Landlords will often hire a resident manager to handle the day-to-day tasks of running an apartment building. In some locales, and depen...
Read moreAutomotive Manufacturers’ Sales Incentives
It is common practice for automotive manufacturers to provide incentive payments, including bonuses, prizes, or other awards, to individu...
Read moreDeducting Social Security Legal Fees
Occasionally individuals will incur legal fees to collect Social Security benefits. Legal expenses, including legal fees and court cost...
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