when recieving long term disability is one taxed on all of it or part?
458637
no tax on disability income if sole income.
812825
Your question isn't worded grammatically correct and, I believe, is being misinterpreted.  Are you saying you owned part of a corporation that you purchased as an investment and sold it after a year?  If you owned stock in a corporation and held it for over a year and sold it, you will have long term gains (or losses).  If this is the only capital gains you had all year, it will be taxed at 15% if your marginal tax rate is greater than 20%, and it will be taxed at 5% if your marginal tax rate is less than 20%.  If it is a loss, it will offset other income up to $3,000...the remainder (if any) will carry over to next year.  If you had other gains or losses, all of them net together.
619032
short term and long term disability through your employer are totally separate from social security . But yes you can apply ,and should because it is a time consuming process . It won't start paying until all of their requirements are met
455035
You will have to wait until next year to file that income since it was recieved in 2006.  What you can do is pay estimated taxes on the amount you just recieved if you haven't already been taxed on it.
160562
Income tax is, well, tax on income.  ANY income. \n\nPayments received from Social Security are considered income.  Therefore it is taxed as part of your total income when filing at the time of receipt.
13963
There are medical tax write offs you can do. But you need to combine it with a regular expenses too.. So basically yes/ with limitations
1016940
You are going to have to be more specific about what you are asking.\n\nAre you asking if all gross receipts are taxable?  To who, a business or an individual?\n\nAnd having a tax exemption usually requires being a non-profit entity, a manufacturer purchasing raw materials or supplies or a retailer who will resell the goods for profit.
862905
This is a subject of the State Government concerned.From your query it is not clear in which State you are located.However, in most of the States; it is leviable.The activity spcified by you is liable to Works Contract Tax.
394239
If the tax was considered state witholdings then it can be deducted on sch A of your federal return. If you do not itemize deductions then there is no other way for you to deduct the tax on your federal return.
29880
it depends on: is it from the state? then yes, somewhere you paid or will pay taxes... If it's from a private insurer if the payments were deducted post tax, then no (they've already been taxed) if you paid premiums with pre tax dollars, you will be taxed IF THE insurance company reports your payments as income.  look at your policy.
734757
Disability insurance purchased individually is expensive. Also, if you are an independent consultant, be sure that your disability payment will be based on your past earnings -- perhaps a five year running average. Otherwise, if you have a bad year, your disability insurance could get away with paying you little or nothing if you ever actually need it. \n\nYou can only get coverage up to a certain percentage of your income. Even if you get as much disability insurance as possible, in most areas of Canada and the US, you can only collect a maximum of 80% of your pre-disability income. Your lowest cost option will be for a policy that will provide you with 60% of your income. Given that you are getting this policy individually, and are paying for it with after tax dollars, any payments to you will be tax free.
1140883
It depends if you are waiting on an answer from the Disability Determination Services arm of Social Security or from a private company determining disability for short or long term disability for employment. \n\nThey might also be gathering new information to research. If you have any new medical claims, be sure to make copies and send them.
685210
There is no tax penalty. You just do not get the tax break for long term capital gains. You will pay taxes on your gain at the your regular tax rate. And don´t forget to includ all you costs in the propery, not just what you paid for it. Improvements are included in the costs.
432598
The part of your settlement that is for lost wages or anticipated lost wages is taxable.
78691
If the lawsuit specifies that the money is to be used for non-taxable items, like attorney fees paid in, retirement, medicare/social security, or if it specifies those items that can be sheltered, then you don't pay taxes on those.  H&R Block says awards for pain and suffering/mental anquish aren't taxable, but the IRS said they might be but that a specific BREAKDOWN of all amounts and categories by the court or legal agents must be done for the IRS to know what parts are taxable and which are not.  Reimbursements for salaries, for instance, is taxable.
719794
Your employer is REQUIRED by law to social security and medicare taxes.  They are also responsible for their portion of the social security and medicare taxes.\n\nYour taxes, if you received a 1099, could be over 40%!  You would be responsible for the 15.4% self-employment tax, plus your ordinary income tax rate.  That's not a good proposal.
170339
All money we receive is taxable if you find a way out of it let us all know. Peace out!!!