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Advanced- Are insurance payments made for health services on an in-home care policy deductible (I received a Form 1099-LTC)?
- Is a payment received for an insurance claim from an automobile accident taxable?
- For purposes of the 3.8% additional Medicare tax on net investment income in 2013, how does this relate to rental income?
- Can a person set up a scholarship, contribute to it tax free, and be able to use the scholarship for his own child’s college education?
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FACT:
An estimated 16,500 IRS auditors, agents, and other employees could be needed to collect the new taxes that will levied on taxpayers under the new health care law starting in 2014.
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