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1099-R forms and inherited life insurance money?

My grandpa passed away and the life insurance company sent me papers to fill out. I got 3 different checks of money: 32,000 8,000 and 7,000ish. Now I have to pay taxes on this money. Almost 13,000 worth according to the 1099-R forms. What happens if I don't have the 13,000 dollars to pay for the taxes? I paid my college in full with the money not knowing I had to pay taxes. Do I have to pay the taxes in full?

   








Poll: how much do you pay for car insurance?
Health Insurance Scam?
Claiming Home Insurance, need receipts??
Home insurance - does it protect you if you get sued by killing someone in your car?
If you own the car and have your 19-year-old on your ..insurance policy but list him as the primary driver and he gets in an accident could?
How much would insurance cost in Australia?
Pregnant and no insurance?
Could i take a home fire insurance policy on a neighbors home?
Temporary 2 week car insurance for 21 yr old?
Longest lenght of time for new car loan? I would like to have a 6 year loan is that possible? what is the long?
Tips for cheap auto insurance quotes ?
Whats a good health insurance company?
Is It Cheaper To Be Added As A Named Driver On My Mother's Insurance?
How much will my insurance go up?
Is motorcycle insurance expensive?
How and why do the British put with with ridiculous auto insurance rates?
How do i sue someone who doesnt have car insurance?
What would be an estimate for insurance on a 2WD silverado for a 16 year old male living in California?
Best insurance group in the UK for under 21?
How do I get quotes on things such as insurance, utility cost, and building remodling?
Does average State Farm house insurance cover leaks in the water mainline in?
When an insurance company gives you a quote is that for 1 month or 6 months?
Where can i get cheap fire & theft only car insurance.?
Can I add a person to my insurance if i dont own the car?
Can someone provide best independent health insurance i can buy thats affordable?
Best Home/Condo Insurance Companies?
Car Insurance when selling Car?
How much will my car insurance go up?
Does anyone know any cheap car insurance companies for new drivers?
Insurance prices for 08 silverado crewcab 5.3?
Monthly car insurance?
How would I find out if I got left money from an insurance plan?
Can I cancel my car insurance at any time?
Can I cancel my car insurance at any time?
What are some reasons why someone would need permanent life insurance?
Will my car insurance cover this? and its no joke this seriously happened please answers!!!!?
Let's not have universal health care but just make health insurance more affordable?
Why did the hospital bill me and not take my insurance, which apparently they accept?
Can i buy my own health insurance?
What would car insurance for a 50 year old woman for a Mini Cooper approx 5 years old in Orillia Ontario be?
How much about would my Motorcycle Insurance cost?
Anybody can help me with cheap car insurance.?
How much would insurance be on 96 tahoe?
How much is an abortion without insurance?
Why did my car insurance double from last period?
Got a question about changing my car color and insurance...?
How much does small business insurance cost on average yearly ?
WILL MY CAR INSURANCE BE HIGH?
Questions about health insurance.?
So why buy whole life insurance at all?
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What is the best insurance company.?
I'm a young driver and don't care about the price and they have to do any kind of cars no matter how expensive the car is and if they're exotics.


How much does it cost to insure a 2008+ kawasaki ninja 250?
im thinking of getting one to use to ride back and fourth to work on to save wear and tear on my car. the 250cc ninja's are pretty cheep and i dont go on the hwy so thats not an issue. im only 18 and have a clean record. How much do you pay for in insurance?


How much do you pay for home insurance?
How much do you pay for home insurance?


What does dwelling Extension and Increased Dwelling insurance cover?
I just bought a house and I am covered for dwelling, dwelling extension and increased dwelling, What im really trying to figure out if any of these will cover an extra room that my husband is wanting to add on (himself)."


If i were to drop my car insurance for a few months can i get it back when i want?
basically my car sucks in the winter (i.e. the snow lol) so i havent been driving it for like 3 months now, and it will prolly be another 2 months till i begin driving it again, and im paying my car insurance on it but really im not using it lol, and moneys a little tight, so i was wondering if i were to drop it for a few months, can i jus call back up or w/e and get my insurance back on it with no problems, or fees or anything, or should i jus continue paying the remaining months, im 19 so my rates arent cheap lol (even tho ive had no accidents)"


Insurance when you die?
If I kill myself will I get insurance ? I dont care about money I am already well off but just curious about insurance , too early to call my insurer or go look at the doc, to depressed"


Do I need business use car insurance? For Domino's Pizza Delivery?
I have been offered a job working as a delivery driver for domino's. Currently my car insurance only covers domestic and personal use and not business. The domino's contract says drivers are responsible for ensuring they have the correct insurance but also says they have third party cover. Does this mean they cover the business side or do I still need to get business use insurance as well? If this is the case my insurance is likely to be bumped up by at least 800 a year! Not really worth accepting this job when its only for the summer then is it.


What states dont require auto insurance?
As a young driver auto insurance is way to expensive. Since I drive a Mercedes most quote me at thousands of dollars a year. More than what I can afford. I know some states don't require car insurance if you can prove you have the financial means to pay out if you cause an accident. I need a list of those states that don't require auto insurance if you can prove you can afford to pay out. On top of this question how do I prove I can afford it. Do I need to keep a minimum amount of money in a bank account or do I have to buy a bond how does it work. And if it works with a bond or bank account please list the states with the minimum $ you need in bonds or account money. The reason Im asking is that I can easily get a minimum amount in my account (hopefully under $10,000) because id rather have $10,000 sitting in a bank I cant use than having to pay thousands a year for insurance I don't need. I been driving for 3 years and I never had an accident and im confident I never will (at least not one that's my fault) so I don't wanna waste thousands of dollars I need for my school. The reason Im asking is cause im looking for a state that suits me. So far Vermont and new Hampshire have laws to my liking but hopefully you guys can give me more possibilities by answering this question. Thanks"


How much would these roughly cost to insure?
17 year old girl, first car. -2000 Fiat Punto. 1.2L ELX. Petrol. -1999 Renault Clio. 1.1L, Petrol. So yeah anyone know roughly how much the insurance would be? If you know what does have cheap insurance please let me know! Thanks :)"


Life Insurance Question??
No it's not a permanent policy


"How hard is it to become a state farm insurance agent, and whats the salary?"
So I was suggested to try to become a state farm insurance agent and open up my own insurance office in the future. I understand that there are 2 initial tests (a questionnaire and assessment) before you can even start to become one. How difficult are these 2 tests to pass? If you fail, you must wait 12 months before you can take it again, which is a long time. And if you pass all of the tests, do the business proposal presentation, interview, and get offered the 9 month full-time internship, how much is the salary of that internship? Is it hourly pay? After that, is the process to take over or open up your own agency a difficult task? What are agency owners (aka independent contractors of State Farm) salary like once they take on a business? Ive read that people do end up making up to $100,000 as an owner, but is that after many years as a business? I do have a 4-year-degree from a university, and currently have a full-time job at the moment, but this job is only temporary. Thanks. Personal experiences would be helpful."


"Online Auto Insurance Quotes, are they really safe and accurate?"
I know several people who have submitted their information into one of the many online auto insurance quotes"" and now they have solicitors all over them"


Would you apply for auto insurance over the phone?
thanks KL. this is my first time buying auto insurance on my own. Was quite a scary experience. Glad to hear that I didn't make a mistake. :P


Health insurance was terminated?
I work in a restaurant, and I had health insurance that was $30 every 2 weeks. Because servers are only paid $2.13 an hour, they aren't always able to pull the health insurance from my check. Corporate no matter how many times I try, I can't get my address changed. So they kept mailing letters to my dad, and no matter how many times I did a forwarding service through the postal office, they never came to my house. I started working there when I was living with him, that's why it's under his address. The company changed systems all together, and we now have accounts that we can change our information. I've done it a million times and somehow they never get it right. So anyway apparently a letter was sent to my dad about a balance that wasn't able to be pulled, he knows nothing about it, but he did get the letter that was telling me they terminated my insurance until next enrollment. I'm pissed because like I said, this isn't a matter of I couldn't pay, this is a matter of we aren't paid enough to cover it every month and they have been negligent about updating my information. It's not the end of the world if I have to go til January until I have insurance again, but ironically the day I go to my doctor about an infection, my dad gives me the letter from the benefits office. I'm assuming since they have already terminated it, they can't just magically give it back...but any advice?"


When a term life insurance policy is up will the company renew?
My husband and I bought a term policy when he was 40. It's a 20 year policy and he is now 53. When it expires when he is 60 how likely is the company to renew? We have a young daughter who will just be graduating from high school at that time and the need to provide will still be there is something happens to him. I'm just curious as to how these policies work. I work in the medical field so health and medical insurance are common to me; life insurance, not so much."


1099-R forms and inherited life insurance money?
My grandpa passed away and the life insurance company sent me papers to fill out. I got 3 different checks of money: 32,000 8,000 and 7,000ish. Now I have to pay taxes on this money. Almost 13,000 worth according to the 1099-R forms. What happens if I don't have the 13,000 dollars to pay for the taxes? I paid my college in full with the money not knowing I had to pay taxes. Do I have to pay the taxes in full?


Vehicle vs Home Insurance?
Why is Vevicle insurance mandatory while home insurance is not?


What's a good sports car for a 16 year old that would have cheap insurance?
What's a good sports car for a 16 year old that would have cheap insurance?


How much does car insurance cost with a DUI?
I have an impaired charge, how much will basic insurance cost for me knowing I havens DUI? if you happen to know what it would be in Alberta, that would be great help."


Can insurance brokers be trusted?
I am getting my first car insured and am thinking about going through an insurance broker because of the cheap price....


Insurance cost for brother with 3 points on his license age 20?
he got 3 points age 14, TWOC, now wants a car, how much do you think insurance will cost?"


Cheap insurance?
i am looking to buy a chevy camaro RS and i know the insurance will be high does anyone know how much it will be? if there is a way to get less then i will buy the Z28 which would be more because of the V8 right?


"Financed car damaged,no insurance.what to do?!?
long story short... my car cost 7000 to fix and i dont have any insurance. i want to have the finance company to get the car.what happens once they get it? will i have to pay off the loan or just pay for the damages done?


PLEASE READ! Question about Auto Insurance?
I just got my license. I am not on my parents auto insurance policy yet however both my parents are insured. If I were to get into an accident, could I call the Auto Insurance company and put myself on the plan before they realized that the accident occurred? How do insurance companies find out about accidents? Like do they know as soon as police show up? Please don't tell me to just pay for Auto Insurance because of course I know that."


Do health insurance premium payments count as countable income for social security?
My 64 year old father is looking to partially retire, going from working full time to only three days a week, and offsetting the pay difference with Social Security. According to the SSA website, he is allowed to make $14,640 of countable"" income"


Junel birth control cost with insurance?
Typically I know it runs almost $30 without insurance. How much would it be with insurance?


Why are those who declared a great need to be able to buy Affordable Health Insurance now refusing to buy it ?
Why are so many of those who declared that they had a great unfulfilled need to be able to buy Affordable Health Insurance.... which they assured us they would buy if & when it were made available to them,.... now refusing to buy this Affordable Health Insurance now that it has been made available to them ? Why did those people who screamed the loudest declaring the need for them to be offered the opportunity to buy Affordable Health now screaming the loudest to declare they do not intend to buy the same Affordable Health Insurance that they told us they would buy if it were offered to them and would rather pay a fine "" than buy the Affordable Health Insurance that they had clamored for ?"""


Advice on the CHEAPEST house insurance available in Ontario Canada?
I am a first time home buyer. The house insurance quotes I have got thus far are ridiculous. If anyone could recommend a good provider + the # I would really appreciate it. Has to be available to Canada Ont. thanks


No car registration or car insurance?
I bought a car from a tow yard two days ago. Have not gone to the dmv or got the car insured. Today i got pulled over and i got a ticket for not having registration and insurance. The cop said it was a fix it ticket. I live in california so if anyone has any info on what comes next it would be great. When i get the car insured and show proof will that ticket will go away? if i get it registered will that ticket go away? Am i looking at any fines that i will have to pay? or just by getting registraion and insurance i should be good?


What's the cheapest auto insurance and do you need it to have a permit?
it speaks for itself what company has the cheapest & most reliable auto insurance company for a 16 year old driver (not 16 yet but I should have my driver's license by February 25th if I go after my birth day)


"Can I enter Canada with a Green Card by car, or do I need to be a US Citizen and have a US Passport?"
I want to drive from NY to Toronto. I have a green card, but Im wondering if you need a US Passport as well."


1099-R forms and inherited life insurance money?
My grandpa passed away and the life insurance company sent me papers to fill out. I got 3 different checks of money: 32,000 8,000 and 7,000ish. Now I have to pay taxes on this money. Almost 13,000 worth according to the 1099-R forms. What happens if I don't have the 13,000 dollars to pay for the taxes? I paid my college in full with the money not knowing I had to pay taxes. Do I have to pay the taxes in full?


When to add insurance a newly purchased used car?
I'm purchasing a used truck from a relative of mine for pretty cheap and I'll have to drive the vehicle back down, about 130 miles, to my city by myself. My question is do I have to purchase insurance for the truck before I go up there? Or do I have a grace period where I can drive the truck (say 5 days) without insurance and then once I have the title and other paperwork in my name, go and get insurance? I'm in the state of California, if that helps."


If my insurance approved my braces does this mean i still have to pay?
If my insurance approved my braces does this mean i still have to pay?


Which way is the cheapest for car insurance?
Tried confused.com you n00b


How do I get international auto insurance?..?
How do I get international auto insurance?


Can you poke holes in my health insurance reform ideas?
jehen, thanks for the response. I agree with most of what you say but in one breath you say the current proposals are not adequate and in the next you say they won't pass because people oppose them. Well if they're not sufficient, we should all oppose them until something better is proposed. If you're going to condemn Republicans and healthcare lobbyists don't forget to include some Democrats and the legal lobby. If it's only Republicans voting no to preserve healthcare lobby dollars, the measures would have passed long ago. If you're going to ask to screw the healthcare lobby the attorneys have to get it also. If we had the right compromise I believe that it could be passed."


Auto insurance limits of liability ?
How high should I reasonably set my liability limits. From what I can tell my current Auto policy limits are $25k and $50k. That seems a bit low to me. My friend said he has $100k and $300k. What do you suggest. We are an average income family, and currently drive and Escalade ESV, and a G35 coupe(Nothing like living beyond your means, you only get one shot at this thing right?)."


Is insurance cheaper on a car with a warranty?
I'm looking for my first car, and i was just wondering about insurance It's either between a 2007 tiburon that has a 10 year drivetrain warranty, and like a 5 year basic warranty A dodge charger (warranty would be gone) or maybe a mustang (I know insurance will be high on that) I was looking into the charger, because well, its the coolest of the three and also insurance would be cheaper than the mustang because it has 4 doors. If the warranty affects the insurance, that may be a deciding factor"


Is Progressive a good auto Insurance provider?
I have used Geico for years. I have been extremely satisfied with their service. However, my premium is still more than I want to pay. I got a quote for Progressive and it is considerably less. Anyone out there have Progressive and satisfied with them? How have they handled claims in the past? Any other good, reasonably priced auto insurance companies?"


I have checked with mid that i have coverd for my car but i do not remember who was my insurance company ?
I have checked with mid that i have coverd for my car but i do not remember who was my insurance company ?


What is the best way a low income student can get health insurance?
Again, low income and can't rely on parents and how could I get retro coverage for an emergency bill a month ago. Currently uninsured, only insurrance is car insurrance."


Will my car insurance pay out?
Last night without my knowledge, my boyfriend let his friend take MY car out and he crashed it. I did not give my consent for this and although my boyfriend is on my insurance, its my car. Im the only owner. My name on the log book. I have told the police I did not give my consent. Turns out his mate has no insurance. My insurance company are dealing with it as a stolen car at the moment but until I get a crime reference number it wont go ahead. The police are not coming back until next Saturday to do a statement. Where do I stand here as im worried because my boyfriend said he could, it wont be classed as theft and my insurance wont pay out and then im buggered. This man has no money so I cant even say for him to sort this financially. Ive got to be realistic. Help!! :("


Is car rental insurance necessary?
I'm just going to need the car for 3 days and the insurance is really expensive


Has anyone ever sued to get their money on a item with no insurance and a item they didnt receive from ebay?
Has anyone ever sued to get their money on a item with no insurance and a item they didnt receive from ebay?


"Im planning to buy a car with Insurance group 11 on it, anybody there can explain what does it mean...?"
Im planning to buy a car with Insurance group 11 on it, anybody there can explain what does it mean...?"


"Need advice for buying new car insurance (20 year old, male)?"
Need advice for buying new car insurance. I am 20 year old, male, college student, and 2 tickets...... I need insurance for a new Toyota SUV (4 Runner or FJ Cruiser)"


1099-R forms and inherited life insurance money?
My grandpa passed away and the life insurance company sent me papers to fill out. I got 3 different checks of money: 32,000 8,000 and 7,000ish. Now I have to pay taxes on this money. Almost 13,000 worth according to the 1099-R forms. What happens if I don't have the 13,000 dollars to pay for the taxes? I paid my college in full with the money not knowing I had to pay taxes. Do I have to pay the taxes in full?