Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-20-2009, 01:29 PM
Junior Member
 
Join Date: Feb 2009
Posts: 1
Unhappy Employee cash value life insurance paid for by 'er

My husband recieved both a W2 and a 1099 (non-employee compensation) from his employer. The 1099 is for the life insurance premium his employer paid where I am the listed beneficiary. This policy was given to him when he inquired about a retirement investment plan for his future.

Is this correct that he should have recieved both a W2 and 1099.
Do we have to pay taxes on this policy premium?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
W-2 earnings and 1099 income paid to the same employee spudmonkey43434 Income 0 08-26-2008 09:00 PM
Officer Life Insurance Premiums Jack C-Corporation 1 08-19-2008 10:28 PM
What's the tax consequence of borrowing the cash value from a Life Insurance Policy? cstatham Life Insurance 0 06-04-2008 02:56 AM
Question regarding life insurance policy kgcpa Trusts and Gift Tax Returns 1 05-05-2008 11:40 PM
Does it matter what Life Insurance Company I select to purchase Life Insurance? Edmund Life Insurance 0 08-23-2007 08:24 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.