Will I Owe The Irs Taxes On A Life Insurance Payout?
Posted February 12, 2010 – 4:32 am in: structured settlements FAQMy mother passed away in April last year and in July I received a life insurance payout. No taxes were taken out of it. I also received a 401K beneficiary payout but taxes were taken out on it. I’m just wondering if I should expect to have to pay in a lump [...]
4 Comments | Tags: Insurance, Life, Payout, Taxes, WillDose An Life Insurance Company Really Want To Payout For The Death Claim Or Just Keep Delaying?
Posted January 17, 2010 – 10:20 pm in: structured settlements FAQI’ve been dealing with one of the big insurance company. Every time I called them, they always said ” still pending” . I’ve been 3 months already since they received the claim form. My older sister purchased the policy since 2000 and she passed away by cancer in the Hospital. Do they really want [...]
6 Comments | Tags: Claim, Company, Death, Dose, Insurance, Just, Life, Payout, Really, WantDo You Pay Taxes On A Life Insurance Payout?
Posted November 26, 2009 – 10:40 pm in: structured settlements FAQmy father died and my mother will be seeing her tax person. Will she be paying taxes on the money she collected from my dads life insurance?
14 Comments | Tags: Insurance, Life, Payout, TaxesIs A Life Insurance Policy Pay-out Tax Free?
Posted September 30, 2009 – 10:20 am in: structured settlements FAQAn employee at our company received a life insurance pay-out when his spouse died. Does he have to pay taxes on the amount he received.
Previously I had heard that you did not have to pay taxes on a pay-out from a life insurance policy when someone in my family passed away.
Thanks
