Is salary advance taxable?

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Do you know if salary advance is taxable? How is the salary advanced treated and how is it taxed? Do you know where I can find information on the IRS website?

Category: Tags: asked December 2, 2012

1 Answer

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Your salary is taxable either when its received or when it is due to be received (which even point is earlier). Therefore, a salary advance is taxable.

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