Should Cash Value Of Life Insurance Policy Be Subject To Federal And Fica Taxes?
Posted September 8, 2009 – 10:45 am in: structured settlements FAQThe company i work for has the option to pay me the cash value of a life insurance policy when I retire. Is the cash value subject to Federal,State and FICA taxes?
4 Comments | Tags: Cash, Federal, Fica, Insurance, Life, Policy, Should, Subject, Taxes, ValueDo You Have To Pay State Or Federal Taxes On Money Received From A Life Insurance Policy?
Posted June 28, 2009 – 10:27 am in: structured settlements FAQMy dad died last Feb. and my mom received life insurance money. Will she have to pay taxes on this and if so, what info does she take with her when she gets her taxes done?
2 Comments | Tags: Federal, From, Have, Insurance, Life, Money, Policy, Received, State, TaxesHow Is Nj And Federal Estate And Income Tax Handled For Annuities And Life Insurance?
Posted May 31, 2009 – 6:06 pm in: structured settlements FAQServing as executor – both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income [...]
1 Comment | Tags: Annuities, Estate, Federal, Handled, Income, Insurance, Life
