Wednesday 8 August 2012
Your Questions About Personal Injury
Maria asks…Does a money sum received as personal injury compensation need to be included in a financial aid application?A scholarship/financial aid application to a pre-college music school for our child requires you to include/show all non-taxable income, but our personal injury compensation does not fall under the category of income. (It is also non-taxable.) Need we mention it?admin answers:Yes it should be reported. "Income" means it came in - if you have it - obviously it came in!!
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