Monday, May 18, 2020
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?
* Congratulations to Professor Annette Nellen on the“13th Anniversary of the 21st Century Taxation Blog”!
* A warning from Sharon Epperson at CNBC - “Beware: Your coronavirus unemployment benefits will be taxed. How to avoid a huge hit”.
Unemployment benefits are taxed on the Form 1040, and maybe on your state tax return as well.
* Kelly Phillips Erb, the FORBES.COM TaxGirl, explains “Nursing Homes & Assisted Living Facilities Are Not Entitled To Your Stimulus Check” –
“ . . . nursing homes and assisted living facilities can’t take that money from residents just because they’re on Medicaid.”