Discussion:Group Term Life????
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| Revision as of 16:37, 14 March 2008 Death&Taxes (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 16:50, 14 March 2008 Vickytown (Talk | contribs) (It looks like a) Next diff → |
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| {{ForumNewPost|UserID=Death&Taxes|Date=14 March 2008|Text=I am looking at a W-2 for a physician, age 61, from a NYC hospital. Wages = 366K, Group Term life = 34K. The hospital closed its doors in the middle of last year. The year before his GTL was 3K. Does something sound wrong here? The policy ended when the employer closed. }} | {{ForumNewPost|UserID=Death&Taxes|Date=14 March 2008|Text=I am looking at a W-2 for a physician, age 61, from a NYC hospital. Wages = 366K, Group Term life = 34K. The hospital closed its doors in the middle of last year. The year before his GTL was 3K. Does something sound wrong here? The policy ended when the employer closed. }} | ||
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| + | {{ForumReplyPost|UserID=Vickytown|Date=14 March 2008|Text=It looks like a typo - if the taxable premium is $34,000, it must be an extremely large amount of life ins - I wonder if the hospital collected medicare tax on 34,000 - I guess there is no way to find out since it closed.}} | ||
Revision as of 16:50, 14 March 2008
Discussion Forum Index --> Tax Questions --> Group Term Life????
Death&Taxes (talk|edits) said: | 14 March 2008 |
| I am looking at a W-2 for a physician, age 61, from a NYC hospital. Wages = 366K, Group Term life = 34K. The hospital closed its doors in the middle of last year. The year before his GTL was 3K. Does something sound wrong here? The policy ended when the employer closed. | |
| 14 March 2008 | |
| It looks like a typo - if the taxable premium is $34,000, it must be an extremely large amount of life ins - I wonder if the hospital collected medicare tax on 34,000 - I guess there is no way to find out since it closed. | |
