Tag Archives: lung cancer

Is This Taxable Income

Today TaxMama hears from Karen in California in the TaxQuips Forum, who tells us.  “My father died from lung cancer that was determined to be caused by job conditions. My brother and I may be receiving a one-time survivors benefit compensation check for a large amount of money. Will this be taxable income?”

Lung Cancer Settlement

Today TaxMama hears from James in Texas, who tells us, “My father died from lung cancer from working in chemical plants. I am receiving out of court settlements from several of the companies he worked for, and several more to come. Is this money taxable? If so, what type of income, and what is the […]