State’s Payments to In-Home Care Providers Are Excludable from Gross Income as “Difficulty of Care Payments” The IRS ruled privately that Medicaid and state-funded payments made to individual care providers under a state’s in-home supportive care programs would be treated as “difficulty of care” payments excludable from gross income under Code […]
The Tax Court held that a couple could not deduct losses from their Amway distributorship in excess of the income they derived from that business. Because the couple did not have a business plan, a budget, nor did they change their operations after consistently generating losses, the court determined that they […]
UNIFORM PRINCIPAL AND INCOME ACT(Last Amended or Revised in 2008) Drafted by the NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS and by it APPROVED AND RECOMMENDED FOR ENACTMENT IN ALL THE STATES at its ANNUAL CONFERENCE MEETING IN ITS ONE-HUNDRED-AND-SIXTH YEAR IN SACRAMENTO, CALIFORNIA JULY 25 B AUGUST 1, 1997 […]
