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.
Disability Insurance Disability insurance is probably the most common type of premium that is overlooked as a tax deduction. These premiums are always deductible by self-employed taxpayers as a business expense. However, if you deduct the premium, any benefits paid from the policy will be considered taxable income.isability Insurance Disability insurance is probably the most common type of premium that is overlooked as a tax deduction. These premiums are always deductible by self-employed taxpayers as a business expense. However, if you deduct the premium, any benefits paid from the policy will be considered taxable income.