Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I have submitted my question earlier today. I need to know
I have submitted my question earlier today. I need to know how Prudential calculated the tax withholdings on the life insurance policies I cancelled in December. The entire payout was taxed without an… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
7,746 satisfied customers
We live in California and my father passed away in Oregon.
We live in California and my father passed away in Oregon. He had a small life insurance policy which distributed to me in the amount of $12,000. Is this claimable for either State or Federal Taxes? … read more
Rick
Rick
MBA
3,366 satisfied customers
I received a form 1099-R from MetLife because my life
please. I received a form 1099-R from MetLife because my life insurance policy lapsed, however, I was able to reinstate it as soon as I was notified of the lapse. The 1099-R is regarding an outstandin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
Last year I received $62,000 from state of VA that was abandoned
Last year I received $62,000 from state of VA that was abandoned money left by my deceased husband. I was under the impression that I did not have to file taxes on it. This year I received $8,000 from… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,666 satisfied customers
I am the personal rep for the small estates of both my late
I am the personal rep for the small estates of both my late mother and father, who passed away last year in that order. I opened bank accounts using EIN numbers in the name of the estate of each of my… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
i recieved a beneficiary life insurance policy upon my fathers
i recieved a beneficiary life insurance policy upon my father's death last year. the ammount was $9.540.00 with prudential set up in an alliance account .they didn't send me any tax form statement to … read more
tax-doctor
tax-doctor
Managing Partner
257 satisfied customers
My step-mother passed away a year ago, and her $93000 IRA was
My step-mother passed away a year ago, and her $93000 IRA was supposed to pass to my father, but he never transferred it. Now he has passed away, and I am administrator and benificiery in both estates… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
Its a long question. IRS refused to help. My father had dementia,
It's a long question. IRS refused to help. My father had dementia, we lost the entire inheritance except the last $13,400 +/-. In N.Y.S. I became, upon Surrogate Court order, the Voluntary Administrat… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,028 satisfied customers
I live in New Jersey and am the beneficiary of my fathers
I live in New Jersey and am the beneficiary of my father's life insurance policy. He lives in Illinois and is not expected to live much longer. How will this effect my taxes, college loans and grants … read more
Expert
Expert
Do you have to report gains when you are the beneficiary from
Do you have to report gains when you are the beneficiary from a life insurance policy and inheritant of a piece of land? If so where do you report it? Can educators deduct expenses for educator confer… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
I am inheriting roughly $90,000 from insurance premiums and
I am inheriting roughly $90,000 from insurance premiums and money market funds that is taxable. The only thing I have set up is an Health Savings Account. What else should I consider?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
Myfather died dec,18 2008 and my mother is in an Alzheimer
Myfather died dec,18 2008 and my mother is in an Alzheimer facility under medicaid. My father has no estate and all my Mom's fund go to medicaid. My cpa still filed my Dad's return w/ my mom as a depe… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
We just received $3k from a deceased parent from their Life ...
We just received $3k from a deceased parent from their VA Life Insurance, how much taxes do you pay? We live in Oregon and the deceased parent lived in California.… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
My father just passed away and left my mother 2 policies.
My father just passed away and left my mother 2 policies. One from the VA for $10,000.00 and one larger policy for $200,000.00. She is 76 and has always been a stay at home mother. She rents an apartm… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
Is the death taxable portion of an annuity under ...
Is the death taxable portion of an annuity under Form 1099-R taxable in NJ for gross income tax return filing?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I surrendered 2 insurance policies last year. One for ...
I surrendered 2 insurance policies last year for cash.. One for $1450.26 and one for $1124.17. These were paid up life insurance policies taken out in the 40's by my mother then given to me. Prudentia… read more
Stone Financial
Stone Financial
Vocational, Technical or Trade Scho
6 satisfied customers
I was a beneficary on a life insurance policy and ...
I was a beneficary on a life insurance policy and received $128,000 from my father when he passed. Do I have to pay Inheritance taxes on it and what other taxes if any do i have to pay. I live in nj… read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
My father passed away a day before my mother. Prudential ...
My father passed away a day before my mother. Prudential insurance paid a death benefit to my mother's estate of approximately 20,000 dollars. Is this money taxeable?. I know that the interest on the … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

5,764 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

626 satisfied customers

B.A., M.B.A, J.D.

Loren

Loren

Attorney

372 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

20,865 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,666 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x