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Advances against future earnings
Posted: Fri May 08, 2009 12:56 pm
by Yahoo Bot
I imagine they are taxed at the time of the advance, so I think the IRS and
the UST sees them as income. The statute also has the word "received" I
believe, and I focus on that as opposed to the time period to which the
earnings are derived.
The post was migrated from Yahoo.
Advances against future earnings
Posted: Fri May 08, 2009 12:33 pm
by Yahoo Bot
Are advances an employer makes against future commissions of an employee
income to the employee for means test purposes.
And, are these advances treated as loans which are dischargeable in a
bankruptcy case and recoverable as a preference when the commissions are
earned?
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The post was migrated from Yahoo.