TaxGuyBill
Level 15
04-21-2022
10:00 AM
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@ChristUp wrote:
If it is not taxable, does the owner have to pay self-employment tax when the income passes through?
The link below will be helpful, particularly #14.
https://www.irs.gov/individuals/certain-medicaid-waiver-payments-may-be-excludable-from-income
But as was mentioned above, you FIRST need to find out if it qualifies or not. The Social Workers should know if it is from a "Medicaid Waiver" program that qualifies for "IRS Notice 2014-7".
