Is workmens compensation taxable income?

In the state of Wisconsin, I had worker's comp from an injury at work and I was not taxed on it. I would imagine it depends on the state. Check out the IRS Publication 15A fo (MORE)

If you receive a refund on state income taxes that includes interest the interest is nontaxable if the refund is not taxable?

First, a refund of State Income Tax, was deductible when it was paid (and presumably taken as a deduction), and IS taxable when refunded. (You took a tax benefit when paying i (MORE)

Do insurance companies pay income taxes?

Yes, and a whole lot of it.. The way there income is determined is a specialized field of tax and not like most other Cos that have a tangible product.
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Is Texas workmans compensation taxable income on 2009 tax return?

Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute i (MORE)

Is money gained from a life insurance inheritance taxable income?

No. Death benefits from life insurance are not taxable. The onlyway that it could be taxes is if you illegally deducted yourpremiums on your tax returns. As long as the premiu (MORE)

What is tax basis for taxable income?

The original cost of a capital asset plus any adjustments to the basis of the asset and that will make be the adjusted cost basis when the capital asset is sold. Go to the IRS (MORE)

Since workmas compensation is not taxable income does it have to be reported on tax return?

Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute i (MORE)

Is disability insurance taxable income?

Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If yo (MORE)