Determining whether third party sick pay is taxable is dependent upon who is actually making the payments. If the payment comes from an agent of the employer, then the sick-pay is not taxable. Third party sick pay is taxable if payments come from someone other than the employer's agent.
While third-party sick pay is not taxable in some instances, the individual being paid may still opt to have taxes withheld from his pay. To do this, the individual would fill out a W4 form and submit it to the payee. Once requested, the payee must comply with his wishes to have taxes withheld.Learn More
According to the U.S. Internal Revenue Service, an example of a regressive tax is a user fee, such as a business license. A regressive tax levies the same amount on each individual, but the proportionality of the tax affects those with a smaller income to a larger degree than those with higher incomes.Full Answer >
The IRS Tax Help Line for individual taxpayers, available at 1-800-829-1040, provides information about prior-year tax returns and any account balances due to the IRS. This line is designed for taxpayers who submitted a Form 1040 return.Full Answer >
A tax exemption is a certain amount of money that can be subtracted from a taxpayer's total adjusted gross income for the entire year. The two types of exemptions allowed are personal exemptions and exemptions for dependents. These exemptions reduce the amount of income that is taxable.Full Answer >
There is no grace or forgiveness period under which immigrants to the United States are allowed to live, according to the Internal Revenue Service. Immigrants to the United States must pay normal taxes such as income, property or sales taxes.Full Answer >