2014-7 Form - If you provide care to an individual who has a physical, mental, or emotional handicap, the difficulty of care payments you receive are generally excluded from income. Review the information below to determine how to report these payments, if necessary, on your tax return. It also provides answers to frequently asked questions about the exclusion, the information reporting requirements, and the employment tax requirements.
Review the information below to determine how to report these payments, if necessary, on your tax return. It also provides answers to frequently asked questions about the exclusion, the information reporting requirements, and the employment tax requirements. If you provide care to an individual who has a physical, mental, or emotional handicap, the difficulty of care payments you receive are generally excluded from income.