Taxable Dividend On Insurance Policy

by Carol
(Michigan)

Does a dividend on an insurance policy that is used to purchase additional insurance have to be reported on the Federak form.

Taxable Employer Assistance/American Opportunity Tax Credit

If the money you were reimbursed from an employer for educational expenses was included as income on your W-2, are you still required to deduct the amount from tuition and expenses in figuring your American Opportunity Tax Credit?

Taxable Gratuity

by R GOPALAKRISHNA
(CHENNAI, TN,INDIA)

If Mrs. Seetha comes under payment of graduity act 1972.

If Mrs. Seetha doesn't come under payment of gratuity act 1972.?

Mrs. Seetha retired on 15.1.2011, from Vel Ltd., after rendering 35yrs and 7 months of service. See received Rs.1,97,200/= as gratuity at the time of retirement.

She was getting RS.14,000/-pm as salary 1.8.2010 and Rs.10,000/-pm before Aug 2010. But she was receiving DA entering service benefit at RS.1,000/- pm throught without any change.

Taxable IRA Withdrawals

(Oklahoma)

My wife has an IRA account in which she would like to make a withdrawl on. She is disable and draws SSI and a small check from insurance. If she makes a withdraw from the IRA does she need to pay tax on the withdraw?

Taxable or Not Taxable

A liitle over 10 years ago I was the only Beneficiary of my Mother's Estate. Within 2 weeks after her death I received the few Mutual Funds she owned. A few months ago(early 2011) I received a SEC Fair Fund settlement check in her name. I was told to send them a Death Certificate and a letters testamentary to get a check in my name but under her social security number. I just received the check in my name but under her social security number. Is this taxable income to be reported on my tax return? Is this part of the original estate I inherited which was under the tax limit in 2001 and therefore no tax is owed. Please supply tax reference info Thanks