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Im on SSDI and annual income is under 25000 a year should I
Im on SSDI and annual income is under 25000 a year should I file tax's … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I retire in march of this year and I be receive disability
I retire in march of this year and I be receive disability check from social security and my pension. I just wanted to know how that will effect me and wife taxes. She still works. … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I worked for Macy's for 25+ years and have earned a pension
I worked for Macy's for 25+ years and have earned a pension of $84,000. After a car accident and multiple surgeries, I'm now disabled at age 52. My SSDI was approved this week and I'd like to withdraw… read more
Lev
Lev
Retired
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Disability benefits/income from Social Security are subject
Disability benefits/income from Social Security are subject to the Federal Income Tax unlike disability income from separate individually owned insurance policies, correct?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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My wife was my adult son's rep payee. He received SSDI
My wife was my adult son's rep payee. He received SSDI for 2015 and past away in Aug 2015 and no earned income. His only income was the monthly SSDI of about $12,000 for 2015 and he lived alone. My wi… read more
Tax.appeal.168
Tax.appeal.168
Principal
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I am disabled....recieve ssdi and small $6,000 pension from
I am disabled....recieve ssdi and small $6,000 pension from defined contr plan from past employer..........IRS sent me short form....plugged in my numbers....looks like my low income makes me not have… read more
ShawnA
ShawnA
CEO
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I'm being offered a lump-sum pension distribution. I am on
I'm being offered a lump-sum pension distribution. I am on SSDI and have a couple of questions. Am I right that I can avoid the 10% penalty if I take this because I'm permanently disabled? If so,how d… read more
Megan C
Megan C
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My client bought a boat with a two million dollar loan for
My client bought a boat with a two million dollar loan for commercial purpose. Boat is foreclosed. His S-Corp that was on Title gets a 1099A for the 1.1 million resulting from the foreclosure and his … read more
Lane
Lane
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Doctoral Degree
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I have the option to receive a lump sum dispersment from a
I have the option to receive a lump sum dispersment from a pension plan. I would like to know how this would be treated? The figure is 18596.90. I am 45 and have some big medical bills. I have not bee… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
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I am on disability(100%) from the VA. I also collect SSDI.
I am on disability(100%) from the VA. I also collect SSDI. I have been told that these are both non taxable and I should not need to file any tax form. Is this true? Do I not need to file at all?… read more
Bill
Bill
Master's Degree
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I have been declaired 100% permanebt and total by the Veterans
I have been declaired 100% permanebt and total by the Veterans Administration which i believe this income is exampt from taxation and does not have to be reported on IRS Form 1040. I am also in receip… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
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We had a Chapter 7 bankruptcy in Oct 2009, the property was
We had a Chapter 7 bankruptcy in Oct 2009, the property was included. This year for tax year 2010 the mortagae company sent us a 1099A for the full value of the home. We have not owned the property si… read more
Ellen
Ellen
Attorney
Doctoral Degree
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If you r collecting SSDI and a pention from the military,
If you r collecting SSDI and a pention from the military, not amounting to over $1ooo a mo. do I have 2 file a tax return, n if I did, what should I expect back??… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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I received SSDI in 2009 part of which was for 2008. Also received
I received SSDI in 2009 part of which was for 2008. Also received LTD in 2009. Had to pay back a lump sum from SSDI to LTD how would I file this I am very confused. Had head injury and husband is also… read more
Jacy
Jacy
Bachelor's Degree
434 satisfied customers
How do I calculate gain or loss on a foreclosed property I
How do I calculate gain or loss on a foreclosed property? I received a 1099A from the bank with an amount for the debt and alsoan amount for FMV,What is the FMV # XXXXX for?… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
I have a terminal illness and dont work at all, and receive
I have a terminal illness and don't work at all, and receive SSDI. I have become eligible (55) for a lump sum payment from my pension. IRS takes 20% taxes and 10% penalty, around 17K. When I file my t… read more
Merlo
Merlo
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558 satisfied customers
In 2009, I received Social Security Disability Insurance in
In 2009, I received Social Security Disability Insurance in a lump sum of $70,182 after a long legal battle. In the document they broke out how much I should have received each month for 2004,05,06,07… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
4,666 satisfied customers
I have received Social Security Disability Income in the amount
I have received Social Security Disability Income in the amount of 53300.80 for 2009. Part of that money was retroactive money for 2007 (10230) and 2008 (20928). Part of my disability includes COPD am… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
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