Client gets sick pay now the insurance company wants to offer a settlement is the settlement taxable

[470pitt]

Client get sick pay now the insurance company wants to offer a settlement is this settlement taxable

or does she need to find out if it is going to be on a 1099 or w-2

[qbteachmt]

How has the sick pay been reported and tax treated all this time? The taxable status usually depends on who paid for the policy and if that was post-tax or pre-tax funds.

[The-Tax-Lady]

Is it 3rd party sick pay from an employer provided benefit or are we talking about Workers Compensation pay?

[qbteachmt]

{crickets}