01-24-2007, 05:56 AM
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 Re: Company-paid disability gindie wrote: - quote - > Wife was on disability for shoulder surgery between
Nope.> Thanksgiving and New Years. The insurance was paid solely > by the employer, therefore taxable. She received payments > directly from the insurance company, which also deducted > FICA, but not Medicare. > Questions are: > 1) is the amount of insurance payments typically included in > the W-2 issued by the company? Her W-2 has no special codes > indicating this. - quote - > 2) If not, will we be getting some sort of tax form from the
Yep.> insurance company? - quote - > We have the check stubs for the
Wait till you get the W2 form. Have to have it before> payments, is this sufficient documentation for adding the > amount on the 1040? filing. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
01-23-2007, 06:04 AM
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| Company-paid disability Wife was on disability for shoulder surgery between Thanksgiving and New Years. The insurance was paid solely by the employer, therefore taxable. She received payments directly from the insurance company, which also deducted FICA, but not Medicare. Questions are: 1) is the amount of insurance payments typically included in the W-2 issued by the company? Her W-2 has no special codes indicating this. 2) If not, will we be getting some sort of tax form from the insurance company? We have the check stubs for the payments, is this sufficient documentation for adding the amount on the 1040? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| companypaid, disability |
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