Facebook
Twitter
LinkedIn
YouTube
Google+
Close
Back

Client Communication

Liscio

Client Login

- Individual Clients
- Business Clients
- Client Employee


Forgot Your Password? Please try logging in with the last password you remember first. (If that fails, you'll be able to reset your password on the next page.)

BOSS™ Accounting Software Login

- QuickBooks Hosted

BOSS™ Accounting Software Login

- QuickBooks Online

BOSS™ Accounts Payable Documents Login


Video Meeting

Join a scheduled video meeting with our staff.
Join Meeting
Close
Send Request

Transform the way you do business

We help you look ahead and plan for a successful, sustainable future

Taxable or Non-Taxable Income?

February 17, 2012

This is always a key question during tax season. While most income received is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. To help you out, the IRS has provided the following list of items that are NOT included as taxable income:

  1. Adoption expense reimbursements for qualifying expenses
  2. Child support payments
  3. Gifts, bequests, and inheritances
  4. Workers' compensation benefits (some exceptions may apply; see Publication 525, Taxable and Nontaxable Income)
  5. Meals and lodging for the convenience of your employer
  6. Compensatory damages awarded for physical injury or physical sickness
  7. Welfare benefits
  8. Cash rebates from a dealer or manufacturer

For the complete article on taxable versus non-taxable income, download and review the IRS’ detailed guide—IRS Publication 525.

   

Back to List


Awards and Recognition

Latest from Our Blog