Ask a CPA

A Underwriter is also known as an investment banker or distributor. He or she is a Middleman between an issuing corporation and the public. The underwriter usually forms an underwriting group, called a syndicate, to limit risk and commitment of capital. He or she may also contract with selling groups to help distribute the issue for a percentage. In the distribution of mutual funds, the underwriter is known as a sponsor or distributor, or even wholesaler. Investment bankers also offer other services, such as counsel and advice on the raising and investment of capital.

A Variable Annuity is an investment contract issued by a life insurance company designed to offer continuous income through participation in a mutual fund portfolio. The life insurance aspect of the contract provides tax benefits as well as a death benefit as an additional benefit.

A Unit Investment Trust is a closed end investment company, which consists of a professionally selected basket of securities. It is either stocks or bonds. These securities are packaged into a single investment portfolio that usually remains fixed over the life of the trust. The total ownership of the portfolio is divided into a fixed number of units. Each unit represents a partial ownership of the underlying portfolio.

No. You are not taxes on the amount of the insurance premiums for health, accidents or hospitalization paid by your employer for you your spouse or your dependents.

No. The medical insurance payments that your husband's former employer is paying for you as a surviving spouse is not taxable to you. It is considered as atreatment as a continuation of your husband's tax free fringe benefit package.

Continuing coverage rules apply to small employers who in the previous calendar year had more than 20 employees on a typical day.
If your former employer had more than 20 employees on a typical day then your former employer cannot deny you COBRA coverage because your wife has a group health plan.
COBRA is continuing coverage for health plans that is offered a employee upon his or her leaving a company.
Usually the COBRA coverage can last up to 18 months. Generally, The cost of the COBRA coverage will be paid by the employee.

Continuing coverage rules apply to small employers who in the previous calendar year had more than 20 employees on a typical day. If your former employer had more than 20 employees on a typical day then your former employer can not deny you COBRA coverage because your wife has a group health plan.
COBRA is continuing coverage for health plans that is offered a employee upon his or her leaving a company.
Usually the COBRA coverage can last up to 18 months. Generally, The cost of the COBRA coverage will be paid by the employee.

Generally, the COBRA coverage for disabled persons is extended from 18 months to 29 months. The coverage may be as much as 150% of the applicable premium for the disabled individual.

Generally, The surviving spouse and dependent children of a covered employee who are beneficiaries under the husbands plan on the date of death will be covered for 36 months.

The employer's payment you received for permanent loss of use to your hand is tax free if if the payment is based solely on the nature of the injury.