When an employee dies an employer may make payments to the, Ask an Expert

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When an employee dies, an employer may make payments to the surviving members of the family. Those payments will be treated as gifts and therefore nontaxable if the:payments are for past services.payments are made for the financial need of the family.employer was legally obligated to make the payments.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9976015

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