Sections in this Topic. 1  Overview. 2  Consumer and Other Compliance Risks. 3  Consumer Compliance Risk-Management Program. 4  Board and Senior Management Oversight. 5  Policies, Procedures, and Limits. 6  Risk-Monitoring and Management Information Systems. 7  Internal Controls. 8  Main Page for Topic Index.
Work Insurance. Some companies offer disability insurance as a fringe benefit. If your employer paid for your disability insurance, your payments will be taxed as earned income. Since your employer paid for the policy, it's like your payments are an additional form of compensation for your work. If you paid for part of your work insurance, then part of your payments will be tax-free.
First off, the Social Security disability benefits that your children receive in your name is their income and only would be reportable as income by them if they had sufficient income that caused it to be taxable. Social Security disability benefits are never taxed to you as custodian. Filing requirements are based on gross income exceeding certain thresholds and also filing status, age, blindness and dependency status.