Law Dictionary

To search for a particular term please use the following search box.

gross compensation

(Tax Law)

All income from all sources (other than tax-exempt income) that must be included on your tax return.

This income may include:

  • Honorarium.

  • Executor or Administrator Fees.

  • Witness Fees.

  • Director Fees.

  • Foster Care.

  • Jury duty pay

  • Expert witness fee

  • Honorarium

  • Covenant not-to-compete

  • Damages or settlement for lost wages other than personal injury

  • Other nonemployee compensation; describe it on this line.

  • Early distribution from retirement or pension plan

  • Form 1099-MISC Income.

  • Fees, commissions, rewards, golden parachute payments, damage awards, termination payments, fringe benefits or

  • other items of non-employee compensation reported on Federal Form 1099-MISC.

Source : Internal Revenue Service - United States Department of Treasury

Language : English

Return

Return to Law Dictionary Index