Originally Posted by
MaydayMark
Do any of you FDX tax experts know ...
Concerning FedEx Corporate Long Term Disability (LTD) payments (paid by Aetna) ... the Crew Bus Driver says (sometimes a reliable source) that because FDX self insures and thus LTD payment are not taxable (similar to LTD insurance premiums payments that you might pay yourself (it looks like the APLA LTD policy falls in this category!).
If, in fact, FedEx LTD payment ARE NOT TAXABLE does anyone (in APC land) have an IRS reference.
"Rumor mill" says we had a pilot file for a tax refund under this premise that was paid?
Thanks,
MM
No, I'm not a tax attorney, but I am a crew bus supervisor.
I don't think it matters what FedEx's role in this is, it's what your role as a pilot is. If you pay premiums for a benefit such as LTD, life insurance, Loss of License then when you qualify, the payments received are tax free. If you don't pay and receive benefits, then you are taxed.
From my understanding the FedEx LTD payments are taxed, but your ALPA disability wouldn't be.
If you think otherwise, I would definitely pay for real tax advice from an aviation specialist such as the Romer law firm.