TaxACT

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...

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.

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...

In a charitable split-dollar insurance plan, you give money to a charity, which invests in a life insurance policy and splits the proceeds with your beneficiaries. Taxpayers have attempted to deduct the initial donations, but the tax law was changed to disallow the deduction.