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 Anybody know cheap home insurance comp?
just got new home?...


 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, ...


 Can you take a life insurance policy out on someone without their knowing it?
If so, do you need his/her social security number?...


 Has anyone used Injury Lawyers 4U? Are they any good? Would you recommend them?
...


 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 ...


 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 ...


 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 ...


 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 ...


 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 ...


 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 ...


 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 ...


 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?...


 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?...


 I need a national insurance number?
im from czech republic where can i get a n.i. number from?...


 If you have car insurance in one state and you live in another state is that fraud?
and if it is how can someone notify the insurance ...


 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 ...


 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 ...


 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...


 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 ...


 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...



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.
                     
 




mbrcatz
Rating
Not usually, as there's no net increase.


Margarita D
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!


Jonathan B
Rating
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


mamatohaley+1
Rating
I thought they were not. I know injury claim settlements are not.


kate
Rating
The attorney you used should have been able to answer that for your type of case .
How come he doesn't know ?

?


Dec08Mommy
Rating
it is taxable income. the only $ that is not taxable that you can receive are life insurance proceeds


njunprincess
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.


legalchick791
Rating
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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