What are some..? |
| ways i can save on insurance? im 16yrs old so i know that alone makes my insurance sky high, but i heard if you have items such as a fire extinguisher in your car, it can save you money on insurance, ... |
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How do you meet your insurance deductable on a car? |
| How do you meet your insurance deductable? I have no idea what details you need....My husband just wants to know. We got our car broken into the other night and they stole our xbox 360 and the ... |
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I was over-reimbursed!!? |
| My private medical insurance co. over-reimbursed my credit card for medical services I received. Then, my credit card company deposited this over-payment into my personal bank account! Now, I am ... |
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Why is payment protection Insurance not worth the paper its written on? |
| My son had a loan over the phone granted him and was talked into expensive payment protection Insurance. He lost his job (sacked) but could`nt take his boss to tribunal because he hadnt worked with ... |
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A hospital told me I was fully covered. Now doctor is giving me a bill. What should I do? |
| No one told me the doctor was not on my plan, now I', being charged w/his hugh bill. What recorse do I have? It seems they accepted the $ already sent from my Insurance Co. but they are looking ... |
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National Insurance Number? |
| Hello. I was wondering where you get your National Insurance number. I heard that you get your card just before your 16th birthday. Its been over 2 month since my 16th birthday and i still don't ... |
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Insurance question? I need help? |
| Alright, I went to the doctors the other day, and I got on birth control (im 19) and I am still on my parents insurance. So i want to pay for the birth control out of pocket so that it dosent show up ... |
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What is a good auto insurance company to apply to for coverage online? |
| very basic individual policy in Florida,with 2nd driver not in household.Both ... |
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My family has health insurance in Connecticut and I am thinking of switching insurance companies. My son has? |
| mild Hemophelia, my dauhgter had cancer when she was younger and gets a yearly check-up for it. Can We be denied coverage for these pre-existing conditions if we attempt to change insurers?... |
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Is it legal for my employer to make me take an individual health insurance policy instead of company policy? |
| they want me to pay for my own health insurance and them reimburse me for it. Because they said it is cheaper. Can they do that legally?... |
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I need a national insurance number? |
| im from czech republic where can i get a n.i. number from?... |
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Cant let it go, should I sue? |
| My wedding day was on 9/27/08. I designed and set up the church and reception the exact way I had it in my mind since our engagement. The men, the colors , the dresses, flowers, my hair and ... |
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Should I own my own life insurance policy? |
| Right now, my husband has insured my life and I've insured his, thinking this would eliminate any insurance getting tied up in escrow. Is it the best way, or should I actually be the one ... |
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In order to qualify for the CHIP health insurance program do my kids need social sec numbers? We have just? |
arrived in the US from the Philippines. My husband works, but at the moment he cannot afford health insurance for us. Additional Details I am a citizen paying my due amount in taxes, so I... |
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My mortgage provider is telling me he legally has to advise me on insurance is this true? |
| I am currently going through the re-mortgage process, my advisor told me he legally has to meet up with me and advise me on buildings and contents and life insurance as per FSA guidelines. I work for ... |
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Will insurance Co. pay for new roof if they can't match the shingles? |
Area of shingles damaged and can't be matched. Will the Insurance company pay for new roof? The area is about 5" X 3" and on the front slope of the house. Additional Details... |
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Durack | Are proceeds from a lawsuit taxable? Are insurance settlements arising from a lawsuit taxable? |
I sued my insurance company over failure to pay a Hurricane Katrina claim and we settled before going to trial. |
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mbrcatz
 |
Not usually, as there's no net increase. |
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Margarita D
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Proceeds from an insurance settlement in this case are not taxable income since it is a casualty loss. However, you cannot collect the loss and claim it under your taxes. Please consult an accountant for additional information.
Good luck with your rebuilding! |
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Jonathan B
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I'm no CPA, but I'm guessing that if you claimed the loss on your tax return, you have to count the insurance proceeds as income to be applied towards that loss |
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mamatohaley+1
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I thought they were not. I know injury claim settlements are not. |
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kate
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The attorney you used should have been able to answer that for your type of case .
How come he doesn't know ?
? |
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Dec08Mommy
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it is taxable income. the only $ that is not taxable that you can receive are life insurance proceeds |
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njunprincess
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I have been asking my accountant about this same thing. He says that my "loss of wages" that I get back would be taxable but my puinitive damages from pain and suffering would not be. I have to have the checks distributed as 2 separate ones, or at least have it itemized. If this isn't done, I have to pay tax on it all since it is my responsibility to divide them for tax purposes. |
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legalchick791
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You would need to call an accountant, but Soxfan is incorrect in saying the only money you can receive that isn't taxable is life insurance--any money inherited is also not taxable. |
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