How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28464
Experience:  Taxes, Immigration, Labor Relations
870116
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds

I received BWC compensation work related

Customer Question

***** *****, I received BWC compensation for a work related accident. I never recieved any tax related forms? Is this money taxable income?
JA: Thanks. Can you give me any more details about your issue?
Customer: What do you need?
JA: OK got it. Last thing — Tax Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.
Submitted: 10 months ago.
Category: Tax
Expert:  Lev replied 10 months ago.
BWC compensation for a work related accident is classified as Workers' Compensation - and Workers' Compensation is specifically excluded from taxable income.
Expert:  Lev replied 10 months ago.
So that payment is NOT taxable and is NOT reported on your tax return.Let me know if you need any clarification this matter..I appreciate if you take a moment to rate the answer.Experts are ONLY credited when answers are rated positively.If you still have any doubts, need clarification - please be sure to ask.I am here to help you with all tax related issues.