Workmans Compensation

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  • raymargroup
    Junior Member
    • Feb 2019
    • 1
    #1

    Workmans Compensation

    Is this taxable for federal purposes?
    Tags: None
    • New York Enrolled Agent
      Senior Member
      • Nov 2006
      • 1531
      #2
      Review IRC 104(a)(1).

        Comment

        • mastertaxguy
          Senior Member
          • Mar 2013
          • 408
          #3
          Or review TTB P. 3-18 (chart top left) [Deluxe Edition]. Some states do include WC benefits for certain credit computations.
          Friends double; family triple. Don't buy an audit for yourself. If someone has to go to jail make sure it is the client. Remember it is only taxes, nothing important.

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