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Good morning. You are required to provide them with this information. It doesn't make it taxable to you because you are simply being compensated for a loss you suffered, but the insurance company is required to report the payment to the IRS and thus requires your EIN.
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Thanks for allowing me to be of service to you. Please beaware that the information provided here is not legal advice. Rather it issimply general information. All states have intricacies in their laws and anyinformation given is simply information only and specifically is notintended to be, nor does it constitute, legaladvice. This communication does not establish an attorney-client relationshipwith you. I hope this answer has been helpful to you.
Do you know if I need to tell them to write a specific language on the check. For example: "this payment is for compensation of a loss" or any other statement?
Is it ok to ask them to provide 2 checks each $6000 so each deposit to the bank account is less than $10,000?