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Fifth Circuit Agrees with Tax Court: Unwanted Employer-Paid Life Insurance Taxable to Employee
The Wagner Law Group Sept. 4, 2018 "In 2015, the employee filed an amended tax return for 2011 that recognized (as income) the previously unreported capital gains and dividends, but removed the $891 in life insurance premiums that he had previously reported as income on his original 2011 return. The employee asserted that the $891 should not have been included in his 2011 taxable income because he neither requested nor wanted the life insurance coverage. " [Ramsay v. Comm'r, No. 18-60136 (5th Cir. July 23, 2018)] |
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