VIATICLES: TAXES DUE?

[MStev10]

I am about to accept a proposal from a financial group with regard to a
viaticle. Are there taxes due? If you can help me please e-mail me at
MSt...@aol.com ...

Please: If you are knowledgable about such matters, explain. If you could
tell me where on the internet I could find the answer to my question, I thank
you.

[Paul Maffia]

mst...@aol.com (MStev10) writes:

>I am about to accept a proposal from a financial group with regard to a
>viaticle. Are there taxes due? If you can help me please e-mail me at
>MSt...@aol.com ...

Are you selling your policy to an investor(s) through a Viatical company
or are you investing in a viatical contract?

--
Paul M.
SPAMMERS who send unsolicited ads of any kind to me have assumed the
position of client. My minimum charge to any client is $2,500.00. The sum
will be billed and if unpaid will be put into collection at your expense.

[SKassel EA]

You need to consult a tax advisor BEFORE taking the money.

This is far too important to handle on an internet newsgroup. See and pay a
local tax pro.

Steven H. Kassel, EA
In 1997, I testified on Capitol Hill before
The National Commission on Restructuring
the Internal Revenue Service.

[Frederick E. Jorden]

Just what is a viaticle?

MStev10 wrote:

> I am about to accept a proposal from a financial group with regard to a
> viaticle. Are there taxes due? If you can help me please e-mail me at
> MSt...@aol.com ...
>

> Please: If you are knowledgable about such matters, explain. If you could
> tell me where on the internet I could find the answer to my question, I thank
> you.

--
Frederick E. Jorden http://fejcpapc.com/
Frederick E. Jorden, CPA PC
10049 Midlothian Tpk - 2-H Richmond, VA 23235 EMAIL fej...@erols.com
(804) 320-6210 FAX (804) 320-6211