Are insurance benefits provided to board members considered taxable income? The answer is largely “yes,” but also, “it depends.”“The general rule under the tax code is something provided in return for services rendered is taxable income to the recipient (board member),” says R. Scott Richardson, JD, CLU, ChFC, president/CEO, IZALE Financial Group, a CUES Supplier member in Elgin, Illinois. “However, insurance benefits can be treated differently.”Richardson explains that while the value of accident and health insurance is not taxable for employees, it will likely be taxable for board members.“There are narrow exceptions where it would not be taxable income,” so consulting a tax advisor is worthwhile, he says. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
– Advertisement – Mainstream political leaders, and many ordinary people in Pakistani-administered Kashmir, are supportive of the Pakistani state, which has been accused by India of backing separatist militants. However, voices in Pakistani-administered Kashmir calling for complete independence, as opposed to joining with Pakistan, have been deliberately stifled. The region’s constitution forbids any activities deemed “prejudicial or detrimental to, the ideology of the State’s accession to Pakistan”. Ms Rajput told the BBC the detention of her husband shows the “hypocrisy” of Pakistan’s position.