0
Generally, no
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Do you need to file taxes if you did not work but received money from school?
IF the amount of the money that you received from the school is taxable income YES you should file a 1040 federal income tax return.
Do you have to pay taxes on estate money received?
Yes, you will have to pay taxes on any estate money received.
Do you have to pay taxes when you receive money from a life insurance claim?
If you are an individual who receives the life insurance proceeds, you may not have to pay any federal income taxes on the benefits. If the life insurance policy names a trust as beneficiary, the trust may be subject to estate taxes.
Do you have to claim money given to you on federal taxes?
No.
Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
Does the beneficiary of a life insurance policy have to pay taxes on the proceeds?
The answer to the question of whether or not beneficiaries have to pay taxes on the money received from life insurance policies is: no they will not have to.
Do you need to file taxes if you did not work but received money from school?
IF the amount of the money that you received from the school is taxable income YES you should file a 1040 federal income tax return.
Do you have to pay taxes when you are left money as a beneficiary from an IRA account?
taxes are paid upon withdrawal at a later rate
Do you have to pay taxes on estate money received?
Yes, you will have to pay taxes on any estate money received.
Taxes on life insurance paid to funeral home?
With a properly named beneficiary there are no federal taxes on life insurance. What exactly are you asking in your question?
Do you have to pay taxes when you receive money from a life insurance claim?
If you are an individual who receives the life insurance proceeds, you may not have to pay any federal income taxes on the benefits. If the life insurance policy names a trust as beneficiary, the trust may be subject to estate taxes.
Where does the federal govenment get its money?
Taxes. That is how
Where does the federal government get its money?
taxes
What are examples of taxes received by the federal government?
stores
How much money does the federal government spend on court taxes?
The federal gov doesn't pay taxes
Most of the federal governments spending money comes from?
taxes
What is the source of federal money and jobs?
Taxes.
