Question

 Are receipts from life insurance taxable?

Answer In most instances, the Internal Revenue Service (IRS) does not tax life insurance proceeds received as a lump sum payment following the death of an insured party. However, any interest received as ... Read More »
http://www.answerbag.com/q_view/1939499

Top Q&A For: Are receipts from life insurance taxable

Are receipts from surrendered life insurance policies taxable?

If the cash out value is higher than the basis, you would owe taxes on the difference. Remember that any income is only taxable once. This means that because the money you paid into the policy was ... Read More »
http://www.answerbag.com/q_view/1940889

Are life settlement receipts taxable?

There is no clear cut answer for this question as the IRS to date has not provided definitve guidance. I also must make a disclaimer that I am not providing tax or legal advice, and it is always be... Read More »
http://wiki.answers.com/Q/Are_life_settlement_receipts_taxable

Is life insurance taxable?

Benefits received from a life insurance policy may be considered taxable compensation by the Internal Revenue Service (IRS). Policy benefits that can be taxed will depend on the insurance plan and ... Read More »
http://www.answerbag.com/q_view/1883996

Are life insurance benefits taxable.?

Life Insurance Benefits Taxable?Death benefits are usually not subject to federal income tax. There are exceptions, though, if the IRS deems your insurance policy to be an investment in disguise. Y... Read More »
http://wiki.answers.com/Q/Are_life_insurance_benefits_taxable.


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