How To Recoup Taxes Paid On Disability Severance Pay From The Armed Forces

[allan]

http://www.usvetinfo.com/meddischarge.htm

Information Paper. Retrieved June 16, 2008, from

http://pom-ima.monterey.army.mil/sites/ins.../Disability%20S

everance%20Pay%20Tax%20Refund.pdf. (pp. 1-8).

Internal Revenue Service. (2007). Your Federal Income Tax for Individuals.

Publication 17. (p.50).

Internal Revenue Service. (2007). Taxable and Non-Taxable Income.

Publication 525. (p. 17).

-----Original Message-----

From: Al Colombo, USVI [mailto:vets2007@tpromo.com]

Sent: Monday, June 23, 2008 12:01 PM

To: usvetinfo@tpromo.com

Subject: candicew@militaryconnection.com, USVI: press release for inclusion

on your website

Importance: High

How to Recoup Taxes Paid on Disability

Severance pay From the Armed Forces

EAST CANTON, Ohio; 20 June 2008 -- IRS publications 17 (Your Federal Income

Tax) & 525 (Taxable & Non-taxable Income, page 17) both state that "if you

receive a lump-sum disability severance payment and are later awarded VA

disability benefits, exclude 100% of the severance benefit from your

income." But neither publication says how.

"Many medically discharged vets, including some good friends of mine, don't

know they are entitled to get the taxes back if they get a VA rating," says

Dorothy, the author of this extremely important USVI veteran document.

In this informative USVI document, composed by a discharged veteran of

recent years, discharged veterans awarded VA disability benefits will learn

how to recoup money paid as taxes on disability severance income.

Read it on USVI: http://www.usvetinfo.com/meddischarge.htm

--

U.S. Veteran Information (non-governmental) USVI - Serving Veterans since

1997 P.O. Box 30076 East Canton, Ohio 44730 USA http://www.usvetinfo.com

---

Disclaimer:

Al Colombo, the U.S. Veteran Information web site, and the individuals who

actively research and provide information are not affiliated with the

Veterans Affairs, Federal Government, or any state or local government

agency. Neither are these individuals or the U.S. Veteran Information

(non-governmental) organization qualified to render legal advice of any

kind. Opinions or information offered should be verified with the VA or

appropriate agency/department at http://www.va.gov/ before taking action.

__._,_.___ "Keep on, Keepin' on"

Dan Cedusky, Champaign IL "Colonel Dan"

See my web site at:

http://www.angelfire.com/il2/VeteranIssues/