
An employer reimbursement of expenses for cosmetic surgery is taxable unless the employee had surgery to correct disfigurement from an accident, disease, or congenital deformity.

Individuals who were involuntarily terminated from employment on or after September 1, 2008, and before January 1, 2010, and their family members, only have to pay 35% of the regular COBRA premium for up to nine months...

TaxACT TaxNEWS You Can Use for November 2009. How to save on your return by getting an early start, tima and money saving tips and more.
Source: bit.ly
2009 has brought several tax breaks in the American Recovery and Reinvestment Act and the newly passed Worker, Homeownership, and Business Assistance Act. In many cases, you can save hundreds or even thousands on your taxes, but you may need to act before the end of the year! Learn more below.

The Supreme Court has held that an employer may not deny continuing care coverage to a former employee who on the date of election has coverage under his or her spouse group health plan.

TaxACT Making Work Pay Credit could lead to smaller refunds or bigger tax bills for many Americans.
Source: bit.ly
For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit. That's the finding of a government watchdog...

If you expect restricted stock to appreciate, consider making an election (Section 83(b) election) to be immediately taxed on the value of the restricted stock, minus your cost...

Determine the amount of cash you will need to make the purchases and meet your tax liability before you exercise a nonqualified option and receive vested stock...

If you exercise an incentive stock option and your rights in the acquired stock are transferable and not subject to a substantial risk of forfeiture, then on your tax return for the year of exercise you must treat the bargain element as an adjustment for alternative minimum tax purposes unless you...

Tax-free treatment applies to disability payments resulting from terrorist attacks inside as well as outside the United States.

If you pay tax on retirement benefits from the military and then receive a retroactive disability determination from the Department of Veterans Affairs, you may file a refund claim for the tax paid on the retroactively excluded benefits...

Not all payments for job-related illness or injury qualify as tax-free workers compensation. Unless the statute or regulation authorizing your disability payment restricts awards to on-the-job injury or illness, your payment is taxable...

According to the Tax Court, sick leave may qualify as tax-free workers compensation if it is paid under a specific workers compensation statute or similar government regulation that authorizes the sick leave payment for job-related injuries or illness.

If all guidelines other than the percentage test are satisfied, the IRS will determine whether the primary purpose of the program is to educate the children...

TaxACT Here are some money saving tax tips from the folks over at CBS News.
Source: bit.ly
Up To The Minute on CBS: Money Saving Tax Tips - Cutting Your Tax Bill In 2009










