Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts
Monday, August 7, 2023

Can You Have Income From Life Insurance?

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  I was looking at a recent case wondering: why did this even get to court? Let’s talk about life insurance. The tax consequences of lif...
Sunday, April 30, 2023

Do Not Do This When Buying Disability Insurance

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  It is a tax trap. An employer thinks that they are doing a boon for their employees by providing a tax-exempt fringe benefit. Where is t...
Sunday, October 2, 2022

The Obamacare Subsidy Cliff

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  I am looking at a case involving the premium tax credit. We are talking about the Affordable Care Act, also known as Obamacare. Obamac...
Saturday, July 10, 2021

Exceptions to Early Distribution Penalties

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  What caught my eye about the case was the reference to an “oral opinion.” Something new, methought. Better known as a “bench opinion.’...
Sunday, December 27, 2020

Deducting “Tax Insurance” Premiums

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  There is an insurance type that I have never worked with professionally: tax liability insurance. It is what it sounds like: you are pur...
Saturday, October 3, 2020

Losing A Tax Exemption

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The taxation of tax-exempts can sometimes be tricky. The reason is that a tax-exempt can – depending on the facts – owe income tax. This t...
Monday, June 22, 2020

It’s A Cliff, Not A Slope

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It is one of my least favorite areas of individual tax practice. We are talking about health insurance. More specifically, health insu...