Commissions, certain finder's fees and "kickbacks" to sales persons for arranging financing or insurance are all taxable income. When determining how to report the income on a tax return, the important question is whether the sales person is an employee or an independent contractor. As an emp...
On page 45 of that same IRS form the breakdown of the compensation is as follows: $463,479 in base compensation; $89,816 in bonus and incentive compensation; $47,173 in other compensation; $211,136 in deferred compensation; and $21,178 in non-taxable benefits. On Wednesday, October 20...