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My wife recently passed and I benefited from her pension.
My wife recently passed and I benefited from her pension. Her employer had provided me three options; (1) lump-sum, (2) monthly, and (3) combination. I live in California and was wondering if I will n… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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Q: I am a CPA doing a 1040 for the widow of a military man
Q: I am a CPA doing a 1040 for the widow of a military man who died in Vietnam many years ago but has been receiving a pension from the Defense Finance and Accounting-US Military Annuity Pay system wh… read more
Rick
Rick
MBA
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My wife passed she only collected ss for 3 months. how do i
my wife passed she only collected ss for 3 months. how do i claim her ss … read more
taxmanrog
taxmanrog
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My father passed on May 1. My father-in-law. who worked for
My father passed on May 1. My father-in-law. who worked for SSA. mentioned the $255 lump sum death benefit SSA pays out to survivors. But in doing some research it looks as though you are only entitle… read more
Barbara
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I received money from an insurance policy upon my wife's
i received money from an insurance policy upon my wife's death. What rate of Federal and New Jersey state tax will I have to pay. … read more
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Lev
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Bachelor's Degree Equivalent
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My wife passed this year. She had a small pension of which
My wife passed this year. She had a small pension of which my son and daughter were its beneficiaries. I believe the IRS allows one-time gifts as a deduction. Can my children gift me the retirement an… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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My wife has been receiving -term disability payments of
My wife has been receiving long-term disability payments of about $155 monthly from a former employer. Their administrator is MetLife. Recently they sent her a letter offering a lump-sum payment in li… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I just talked to you about benefits sister who died
I just talked to you about benefits for my sister who died with just brothers and sisters as survivors. Does my brother need any proof that he is her brother when he visits the other SS office? Also, … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,738 satisfied customers
I owe the sate of NJ money for an overpayment of unemployment
I owe the sate of NJ money for an overpayment of unemployment 20 years ago before I was married. My wife is about to take a lump sum payment from a pension . We were not married when I was over paid .… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
is the defined benefit plan that has not yet begun to make
is the defined benefit plan that has not yet begun to make distributions includible in the deceased's 706?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,738 satisfied customers
I live in Arizona and my wife will retire in 18 months. She
I live in Arizona and my wife will retire in 18 months. She is currently in a defined benefit pension which allows her to name either myself or our 28 year old daughter as beneficiary in the event of … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,738 satisfied customers
I have a friend that lost her husband in a house fire. He
I have a friend that lost her husband in a house fire. He has a pension plan with FedEx in which he was still actively participating and has been for 15 plus years, he was still working at the time of… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
I want to know the maximum contribution I can make to my traditional
I want to know the maximum contribution I can make to my traditional IRA for 2012. My wife died in March 2012. She retired at the end of 2011, took a lump sum from employers defined pension plan and r… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
570 satisfied customers
We had income of $66,589 for 2011 (married file jointly) My
We had income of $66,589 for 2011 (married file jointly) My wife will be taking her pension about $565/month and a lump sum $19,000.00 +. She will continue to work for 2012. We will probably make a li… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,134 satisfied customers
This question is about annuities. My wife is a co-claimant
This question is about annuities. My wife is a co-claimant on her deceased mother's annuity. The annuity provides my wife with $90,507 in taxable income and $41,367 in nontaxable income. My wife has t… read more
Merlo
Merlo
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I HAVE A 401 SIMPLE PLAN AND A SIMPLE IRA, MY WIFE IS THE ...
I HAVE A 401 SIMPLE PLAN AND A SIMPLE IRA, MY WIFE IS THE BENIFICIARY, IF I DIE AND SHE IS YOUNGER THAN 59 1/2 AND SHE TAKES A LUMP SUM DISTRIBUTION FROM BOTH WOULD SHE PAY THE 10% PENALTY AND HOW WOU… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
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My mother is 78 years old and is a widow. She worked 60 ...
My mother is 78 years old and is a widow. She worked 60 years ago, then was a homemaker. She received an anunity lump sum check form her husbands retirement account in 2005, there was a tax withheld o… read more
RD
RD
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Master's Degree
1,164 satisfied customers
My wife received a disability compensation settlement ...
My wife received a disability compensation settlement in the form of a lump sum. A portion of the settlement was for temporary total disability compensation and a portion of it was for permanent parti… read more
Wayne Brasch
Wayne Brasch
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