Home Page link  

Is this taxable?

 

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Is this taxable? sbernelli 01-05-2008
Posted by sbernelli on January 5, 2008, 1:13 pm
Please log in for more thread options
x-no-archive: yes

Suppose a infant dies through hospital neglect and the hospital's
insurance company makes an out of court settlement to the adult
siblings. Is the settlement taxable at the federal or state (Illinois)
levels? Thanks.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Would this distribution be taxable or non-taxable? April 22, 2008, 1:40 pm
Taxable SS benefit? ? ? January 27, 2007, 12:30 am
taxable income ? October 2, 2007, 10:09 pm
Taxable Event? November 16, 2007, 3:37 pm
1099-Q -Is anything taxable here? February 11, 2008, 11:54 pm
is SSDI taxable? October 31, 2008, 9:09 pm
Are lawsuit awards taxable? October 28, 2006, 6:40 pm
Is start-up funding taxable. January 31, 2007, 5:12 pm
Taxable SS double that of last year? February 6, 2007, 10:36 pm
Malpractice settlement - taxable? February 21, 2007, 6:28 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap