• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Budget and Spending: Tax Consequences of Offsets: Nsiad-96-74r

Budget and Spending: Tax Consequences of Offsets: Nsiad-96-74r

Paperback

General Political Science

Publisher Price: $14.75

ISBN10: 1287166474
ISBN13: 9781287166474
Publisher: Bibliogov
Published: May 16 2013
Pages: 22
Weight: 0.13
Height: 0.05 Width: 7.44 Depth: 9.69
Language: English
Pursuant to a congressional request, GAO examined the tax consequences to veterans of the required offset of certain types of Department of Defense separation pay and Department of Veterans Affairs disability compensation, focusing on whether veterans could: (1) reclassify separation pay as disability compensation; and (2) deduct recouped separation pay from gross income. GAO noted that according to the Internal Revenue Service, veterans may: (1) not reclassify separation pay as disability compensation; (2) not deduct recouped separation pay from gross income; and (3) retroactively exclude part of their lump-sum separation pay from gross income if they also qualify for disability compensation.

26 different editions

Also available

Also in

General Political Science