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 Tax Rebate?
Does anyone know when we can expect to get this money? Or has anyone already gotten it? I had heard the rebates would be showing up sometime in May so I'm looking for it every day. I am so ...


 Should my brother file for a tax return if he only made $6700.00 last year?
He is single and not a dependent. (he was taking classes at the university)...


 IRS need attorney for taxes repay?
received a notice to repay but do not understand when HR block did my taxes, and I did not recieve my returns until Oct 2008...


 Stimulus payment?
has anyone received there stimulus payment with there last 2 ssn 23 ? my sister got hers a week early and i still have not received my "free money"!...


 When I retire, will I get taxed on my private pension when I claim my state pension?
When I retire will I have to pay tax on my private pension when claiming my state pension.

I have no other income or ...


 This is a question about taxes?
I live with my boyfriend and we have a daughter together and then I have a son that isnt his... I didnt work at all last year but when we went to make our taxes they wouldnt let him put my son as a ...


 Is anyone else shocked by how many people EXPECT refunds before they even file???
If people fill out their W-4s correctly and then they should see very little back or owe very little. You can ven claim EIC on your W-4s, right?

I personally rather have that "refund&...


 Ok,if i claimed my sister on my taxes and she can still file,what form does she fill out and how?please help.?
i think i have a good idea but i need to be sure-i don't know much about this sort of stuff....


 Income tax with last check stub?
someone told me i can take my last paycheck stub of the year and get my income tax. i just bought a new car and having mayjor car problems so i really need the money. is there a way u can do that and ...


 My siblings and I shared an inheritance what tax form should we use?
My siblings and I shared a pension when my father died but the company put the 1099 only to my sister is there a form to fill out so she isn't the only paying tax on the money?...


 Do I need to report a loan taken from a company on my income tax report?
I work for a company as a consultant, so I report my income on a 1096. I recently took out a loan from that company which I already signed a note saying I will pay it back in a certain number of ...


 How can I find out if my property taxes are beening paid?
I live in Beaumont, Texas, Jefferson County AND i WOULD LIKE TO FIND OUT THE VALUE OF MY HOME AND SEE IF THE PROPERTY TAXES WERE PAID....


 How much of my paycheck should I set aside for my taxes?
I have a part-time job that does not deduct federal tax from my paycheck. I am single with no dependents and I will probably make around $4000 this year from it. What percentage of my paycheck ...


 Is there any change in saral form the assement year 2006-2007.?
Please let me know is there any change in Saral form for 2006 - 2007.compared to 2005-2006. The last date of the filing is july 31st is that ...


 Do out of pocket medical expenses have to be paid in full to be itemized as a tax deduction for 2007 tax year?
I have a high deductible and over $5000 in out of pocket medical expenses so far for 2007....


 What is my filing status?
My spouse and I separated for the final time on July 31, 2007. I obtained a protective order for my children and myself which granted me custody. What is my filing status for the 2007 return. T...


 Been Emergency taxed for 4 months?
I've been in my job now for 4 months and i'm still been emergency taxed and i'm only 16. Does it sort out automatically or do i ahve to do something?
Additional Details
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 My dad Claimed me on his tax return but he wasnt supposed to how do i go about filing my taxes?
IM 21 i didnt go to school last year He wasnt supposed to claim me but he did i want to file my taxes but i dont know if im gona be held acountable if i put down that i was claimed on my taxes ...


 Food stamps, I know Im going to get bashed?
i got myself into big trouble. My kids and I recieve food stamps. I took on a babysitting job making some extra cash last year, but I never told the state. I am still way below the maximum amount to ...


 Would u hire part time employee in a tiny mom & pop neighborhood convenience store by paying undertable?
Husband & wife owns a tiny neighborhood convenience store(sells groceries, beer & wine, lottery) & works 7 days a week (about 80 hrs/week). They've been working in this arrangement ...



lucky girl
My Father died and I am beneficiary of life insurance. Do I owe IRS any tax?
                     
 




AK
No, the IRS has already taken their share of tax, if any, from your father's estate.

Only additional interest income generated from the proceeds after your father's death will be your tax responsibility.


v b
Rating
Only if there was interest on the check in addition to the face value of the policy.


Ralph N
no


Lantern Bearer
Rating
Proceeds of the payout are not taxable.

It is the one thing that is never cited by those who favor ending "losing the family farm" inheritance taxes when the proprietor dies.

Using life insurance to pass on wealth is the one best ways of smoothing out troubled estates.


scokeman
Rating
If there was intrest gained yes but only on the interest. If you are married check and see but most states have a one time gift that you give your spouse and it cannot be taxed. Check and see. Good luck


toomuchpain
Rating
ask your tax prep person to be safe.It would suck to have to pay alot later.


myacumen.com
You probably don't because you are receiving a tax exempt payment from your father's insurance company, however you may be liable for interest earned on those funds, check with your tax preparer. :)


kathykoul
Life insurance proceeds are not taxable to the beneficiary.


curiousgeorge
Rating
I found out today that I am the benificiary of my friends life insurance and now his family wants to hire a lawyer to get me to share the money with them, do they have the right to have his life insurance changed over to them? We only knew each other almost 2 years.


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