Question
Phil and Rita Connors live in Punxsutawney, Pennsylvania. Rita is Vice President of Sales at a small insurance agency, but her true passion is 19th
Phil and Rita Connors live in Punxsutawney, Pennsylvania. Rita is Vice President of Sales at a small insurance agency, but her true passion is 19th century French poetry. Phil owns his own executive coaching business with a specialty in time management. The Connors have three children 2 are qualifying dependents, 1 is not. They file joint tax returns:
In February, Phil was injured when his car hit a train while he was driving angry. The injury prevented Phil from working for about a month. During this time, Phil received $15,000 in disability payments attributable to a disability insurance policy that he paid the premiums on. How would this show up on the Connor's federal individual income tax return forms? What forms and how much?
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