Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I received 2 yr -term disability benefit from an insurance
I received 2 yr long-term disability benefit from an insurance company. The premier was first paid by my employer, and then due to the termination of my job while being sick, I converted the policy an… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
3,358 satisfied customers
I can't find my short term disability paper, I got my w-2,
I got my w-2, but I cant find my short term disability paperwork. I think I got like 4 payments from them, it's not already included in my w-2 is it? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
16,375 satisfied customers
Employee Benefits - An employer has 12 employees and is
Employee Benefits - An employer has 12 employees and is going to pay 100% of disability insurance for each employee. 1. Does this amount need to be added to employees gross pay? 2. Is employer allowed… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,621 satisfied customers
Bob. I have a Soc Sec Dis question for you. I just received
Hi Bob. I have a Soc Sec Dis question for you. I just received my Sos Sec Disability back pay. It was $46,947. $6,000 went to my attorney. I am suppose to get $2,140.00 a month. I am 60 years old. I r… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,828 satisfied customers
For part of 2013 I received California disability insurance
For part of 2013 I received California disability insurance and social security disability insurance. Do I need to pay taxes since I will go over the $25,000 tax free amount on ssdi? The amount of com… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,621 satisfied customers
I have disability income. In the 1st year of disability I received
I have disability income. In the 1st year of disability I received a W2 withe the disability amount shown in box 12 as non-taxable. In the next year, I received a W2 from the insurance agent with the … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,228 satisfied customers
I have an S-Corp created in NV and also licensed to do business
I have an S-Corp created in NV and also licensed to do business in IL. In IL the corporate/business tax rate is 9.5%, and the "personal" tax rate 5%. Because my S-Corp is a "pass thru" entity, does th… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I am off on total disability. Had cancer in my throat and have
I am off on total disability. Had cancer in my throat and have to have my vocal chords and voice box removed. Anyway, I can't get an answer from the IRS on the taxability of disability payments. They … read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
If I paid 100% of my Long Term Disability premium and the employer
If I paid 100% of my Long Term Disability premium and the employer paid none, but did not withold taxes against the $25.50 premium I paid, are my benefits taxable. I can see them taxing the benefit if… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
16,375 satisfied customers
I became disabled at the end of January last year. For the
I became disabled at the end of January last year. For the first 6 months, my employer self-paid "short term disability" at 50% of my salary and withheld taxes as if I was working. After 6 months, I h… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I recently was approved to receive Social Security Disability
I recently was approved to receive Social Security Disability Benefits of $2,100.00 per month. I have no other form of earned income. I do have a couple of IRA's that I can use to supplement my monthl… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,809 satisfied customers
I paid into a private basic disability plan and supplemental
I paid into a private basic disability plan and supplemental disability plan through my employer. I recieved short term disabilty benefits in May 2009 - Dec 2009. I was also layed off during this peri… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
hi, in 2009 I was on Long Term Disability at 2/3 of my salary
hi, in 2009 I was on Long Term Disability at 2/3 of my salary via Metlife. They (Metlife) made me appy for SSDI which I was awarded. Now since I took extra insurance with IBM, a portion (1/6 th) of my… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Is my long term disability insurance income taxable It is
Is my long term disability insurance income taxable? It is a private insurance policy that was available through my employer. I received 60% of my former salary in 2009 and was recently mailed a W2 fr… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
i will soon be getting long term disability payments from my
i will soon be getting long term disability payments from my employer paid benefits. is this income taxable? is there any way to continue to contribute my 401k? what about my other pretax deductions… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,621 satisfied customers
My husband is drawing social security disability, 72T, and
My husband is drawing social security disability, 72T, and his retirement pension. We were told today that since he is disable he should not be paying taxes on these. If this is so what form do we nee… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If I hold the USO eft for a week and I made $1000 on the sale
If I hold the USO eft for a week and I made $1000 on the sale will it be taxed at 100% short term gain or does IRS 60/40 rule apply. If I held the USO for 13 months would the same gain be taxed at 100… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,621 satisfied customers
Ive been receiving tax-free disability benefits from
I''ve been receiving tax-free disability benefits from from a commercial insurer since 1998. Last year I was awarded SSDI backdated 5 years. I was obligated to reimburse my commercial insurer the full… read more
Lou
Lou
High School or GED
272 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,692 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

82 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

16,375 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x