Tag Archives: irs gov

Ever wonder…What if I receive unemployment compensation?

Posted on September 7, 2011 by Kevin Murray, MSAT, EA, CLU, ChFC

Unemployment compensation you received under the unemployment compensation laws of the United States or of a state must be included in your income. It is taxable income. If you received unemployment compensation, you should receive Form 1099-G showing the amount … Continue reading →

Posted in All Service Providers, All Taxpayers, Daycare Providers, Ever wonder, IRS Tips, Realtors, Record Keeping | Tagged , , , , , | Leave a comment

Ever wonder…. What if I lose my job?

Posted on September 7, 2011 by Kevin Murray, MSAT, EA, CLU, ChFC

The loss of a job may create new tax issues. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time also are taxable. You should ensure that enough taxes are withheld from these payments or … Continue reading →

Posted in All Service Providers, All Taxpayers, Daycare Providers, IRS Tips, Realtors, Record Keeping | Tagged , , , , | Leave a comment