Tag Archives: Death Benefits

How to Fill Out a 1099 Form

Form 1099 from the IRS is used for reporting income received by independent contractors, freelance workers, and also used to report other forms of miscellaneous income. The 1099 form is used for non-employee income reporting as opposed to the W-2 form used to report employee wages. If any federal income tax has been withheld under […]

Important Advice Every Newly Widowed Woman Needs to Know

Losing a spouse is devastating and the last thing you want to think about is your financial future. But it’s important for women to make some important decisions early on in their careers and future security. Making these decisions can be emotionally challenging, such as having a friend or relative help. Your first task is […]

AICPA Membership Explored

Whether you’re a CPA candidate, a CPA, or a college undergrad, you’ve heard of the AICPA. The AICPA, or American Institute of Certified Public Accountants, is the national organization for CPAs. Membership in the AICPA is not mandatory for CPAs, but it is very beneficial. Membership Category Anyone who is not a member of the […]

Are the Proceeds from a Life Insurance Policy Subject to Income Tax?

In general, the proceeds from a life insurance policy that you receive as beneficiary upon the death of the insured are not subject to U.S. federal income tax, unless the policy has been turned over to you in return for a price. In order to determine whether any part of the benefits is taxable, a […]