 $700 billion bailout plan? |
| Can you explain what this actually means in simple easy to understand terms?... |
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 Do I need medicare supplemental insurance? |
| 65...have Humana prescription coverage...do I need ... |
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 How would i find out if my mom(single parent) had Life insurance? |
| I lived with my uncle for 5 years after her death and he claimed she left no money behind or anything, which leaves me barely 18 and not much go off of right now...its not so much about the money but ... |
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 My garage is leaning, after wind storm. Will insurance cover it? |
| I live in N.E. Ohio. We had a pretty bad wind storm up here with gusts in excess of 80mph which was the remnants of hurricane Ike. None the less, after the storm my garage is leaning pretty bad, ... |
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 How reliable is Erie Insurance? How hard is it to file a claim and get the payment? |
| I was thinking of getting Erie insurance but it is so cheap it sounds to good to be true. I have heard that they have really good rates but when you get in a crash that it is near impossible to get ... |
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 I'm getting a medical bill from collections on something my health insurance shouldve paid for?? |
| Who do I call to dispute it? Do I call the Lab company billing me, the collections billing me, or my health insurance company? I've never had to deal with this before =(... |
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 I have the Life ,accident and health license, How to market !!? |
| Hi I have the life, accident and health license in New York City , I would like to know how I market and get business. I don't have experience in marketing , but I do have 5 years of experience ... |
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 Now that same sex marriages are legal.......? |
| Many insurance companies will provide insurance coverage to gay couples... even co-habitating gay couples but not co-habitating hetero-sexual couples........what's up with that?... |
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 I have a question? |
| What is the cheapest insurance ... |
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 If I cash out my universal life insurance policy will I have to pay taxes on the money? |
| I have purchased a term life policy. My universal life policy is raising each year therefore eating up my cash value unless I pay higher rates. The term life policy rate is frozen for 10 years and ... |
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 Can you cancel a Life insurance policy over the phone? |
| My mother in law past away suddenly three years ago. We found out through the executor of the will, (brother in law ) that there was a life insurance policy that was never mentioned. When we ... |
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 My husband is self employed carpenter... what insurance does he need? |
| What type of insurance does he need should he have an accident at work and is unable to continue working? We are looking for an insurance which will cover the mortgage payments should he be out of ... |
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 I want to spend a year traveling and have questions about health insurance? |
| I currently have health insurance with my employer but I am considering taking a year off to travel around the world a bit. If I get my own health insurance coverage, and I don't allow it to ... |
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 Should i get insurance though work for my husband? |
| I just got a new job. They told me it would be 500 dollars to add my husband on. Do you think it would be better to just get some private insurance for my husband? I was told if he isn't on ... |
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willard | Do i pay taxes on money from home owners insurance,because my house burnt down? |
is there ways to avoid paying taxes on the money and keep it legal? |
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mbrcatz
 |
No, it's not income - it's not taxable. |
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Tom Z
 |
No problem. A settlement for a casualty loss is not considered taxable income. |
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justbeingher
|
This money is not a profit or a gain. It is the result of a loss of property. Therefore, I don't think it is taxable. You really need to get a professional opinion on this from a CPA or tax lawyer. |
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ZORRO
|
Talk to a real estate lawyer! They could get you a postponement. You are still required to pay taxes unless your insurance covers the loss. If they do, you could avoid paying taxes or at least lower your payments. |
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stephenweinstein
 |
Generally, no, insurance reimbursements for actual losses from a casualty (including fire) are not taxable. However, they do reduce the amount that you can deduct for that same casualty. Also, if the insurance reimburses more than your actual loss, the difference may be taxable. |
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