Do 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, TaxesWhat Are The Tax Consequences Of A Life Insurance Policy That I Received From A Family Memeber??
Posted May 2, 2009 – 10:25 pm in: structured settlements FAQI received a Form 702 from a small life insurance settlement & am not sure if I will owe any taxes on this. My first & only clue so far is that when running through TurboTax there doesn’t appear to be any section to reference or include this inheritence. Please help & let [...]
3 Comments | Tags: Consequences, Family, From, Insurance, Life, Memeber, Policy, Received, That, What
