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Do you pay taxes on a business insurance settlement from a fire?

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Do you have to pay taxes on a life insurance p?

Life insurance death benefit proceeds are generally not subject to income taxation, provided they are paid in a lump sum; however, there a few exceptions to this rule. For mor

Do I pay taxes on a life insurance payout?

If the owner of the policy is not a business, you would not have to pay taxes on a life insurance benefit payout. You should consult with a tax professional in your state for

Do you pay taxes on the settlement of loss of wages claim?

Yes this is very possible because the amount is replacing wages that you had not yet received and paid any income tax on yet. So the amount will be subject to income taxes in

Do you have to pay tax on a life insurance payout?

No, all monies from life insurance pass tax free. After you set up any kind of vehicle that earns interest, that interest will be taxed.

Do you have to pay taxes on workers compensation settlements?

Amounts received as workers' compensation for an occupational sickness or injury are exempt from tax if paid under a workers' compensation act or a statute like one.act. The e

Do you have to pay income taxes on workers comp settlement in Georgia?

Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute i

Do you have to pay taxes on a life insurance pay out?

  Answer   One of the still remaining, best aspects of Life insurance, (the  investment aspect of which has been generally agreed to be poor at  best) is that the

Do you have to pay taxes on a workmen's compensation settlement?

    TAX OR NO? SEE US       It is my understanding that monies collected in any form which are not specifically exempted from tax status are considered

Taxes do you have to pay on a slip and fall settlement?

Settlements that are paid for a physical injury are not taxed. The  settlement that you receive for a personal injury claim such as  slip and fall cover lost wages, medical

Do you have to pay taxes on life insurance inheritance?

Taxes on a individual life insurance policy is generally not taxable in any manner. A main factors in deciding the taxabiity of this is who paid the premiums for the life insu

Why do business pay taxes?

why not

Do businesses pay taxes?

In one way or another, they pay income taxes on profits, property,vehicles, and every other tax that everyone else pays. Depending onthe type of business and how it is formed,