Randy Eschels photo
Garett Eschels photo


Randy Eschels, CLU, ChFC, CFP®


Garett Eschels



Eschels Financial Group, Inc.

555 S Old Woodward Avenue, Suite 612

Birmingham, MI 48009


Phone:  248-644-1144


Fax:      248-644-7820





November/December 2021

Surprise - It's Taxable!

Surprise - Its Taxable

It's almost that time of year when you and the IRS must settle what you owe - or what the government owes you. Before you prepare your tax return, consider whether you'll need to include any of the taxable items listed below.

  • Social Security benefits

  • Unemployment benefits

  • Portion of a scholarship that covers expenses other than tuition, fees, and books (e.g., room and board, travel, etc.)

  • Canceled debt from credit cards, car loans and mortgages (Student loan debt is exempt.)

  • Honors with cash prizes

  • Certain alimony payments

  • Gambling winnings (lotteries, horse racing, casinos, sports betting, etc.) Some losses are deductible.

  • Gifts from an employer that reward an employee for services or help promote the company

  • Found property

  • Bartered property or services in lieu of cash

Consult your tax advisor to determine which items you should include when preparing your income tax return.


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Securities offered through Concourse Financial Group Securities, Inc. (CFGS), Member FINRA/SIPC. Advisory services offered through Concourse Financial Group Advisors, a DBA for CFGS, a Registered Investment Advisor. Eschels Financial Group, Inc. is independent of CFGS.
Eschels Financial Group, Inc. and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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