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Tax free insurance settlement question

 

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Subject Author Date
Tax free insurance settlement question sbernelli 08-18-2008
Posted by sbernelli on August 18, 2008, 1:57 pm
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Suppose a person receives an insurance settlement that is considered
to be tax free. Does this mean that estimated tax payments do not need
to be made? Thank you.

Sara

========================================= MODERATOR'S COMMENT:
If you are certain this is a tax-free payment, there is no need to
pay estimated tax on this amount.

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