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Is it true that when an insurance company pays you for lost wages and bodily injuries that they are to hold back 20% of the total amount settled upon ? And if so what is it for ? The USAA adjuster could not tell me for some strange reason. Quite truthfully I am beginning to lose it bigtime with these [bleep] !
Thanks,
Lynn
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Campfire Outfitter
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I don't know the answer to this. If it is lost wages then it stands to reason that your wages are taxable so this payment may well be taxable. Somebody else will have to provide the answer to this. Sorry.
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Campfire Kahuna
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Campfire Kahuna
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Lost wages paid are a taxable event and are to be included just as though they were regular wages.
Does the problem extend beyond that, Lynn?
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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I don't know the answer to this. If it is lost wages then it stands to reason that your wages are taxable so this payment may well be taxable. Somebody else will have to provide the answer to this. Sorry. It is lost wages and bodily injury, pain and suffering. She said it is not for taxes, just something they do, and she doesn't know why. I was mad, but instead of blowing I just said I would get back to her tomorrow to continue the conversation.
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Campfire Kahuna
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Are there any liens against the settlement?
Is USAA paying your claim from an incident that occurred while you were visiting the US?
Last edited by RISJR; 01/09/13.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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Campfire 'Bwana
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Campfire 'Bwana
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Why did you only ask them 3? I ain't everybody.  BTW I don't have a clue. Sorry.
Last edited by byc; 01/09/13.
Proud to be a true Sandlapper!!
Go Nats!!!!
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Are there any liens against the settlement? No Sir, not a one....
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Campfire Outfitter
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Are there any liens against the settlement?
Is USAA paying your claim from an incident that occurred while you were visiting the US? Yes, while I was staying there, it occurred on June 11, 2012, in the state of Alabama.
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Campfire Regular
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sombody slipp on chjicken blod at wallmart an nest think tehy r gunna be a gazillioner. old gal lisa proctXXX (i preserf her ananominity] }did saym an she got her a 01 lexxis she blowd th rest on gorgia lotto tix
had to fix my bad
Last edited by catman925; 01/09/13. Reason: gorgia
I got hooked on phonics
Guess my IP now fistphuckology!
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Campfire Kahuna
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Campfire Kahuna
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Are there any liens against the settlement?
Is USAA paying your claim from an incident that occurred while you were visiting the US? Yes, while I was staying there, it occurred on June 11, 2012, in the state of Alabama. =============== Could it have something to do with Canada mandates and USAA is simply complying with the laws of your country?
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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Campfire Oracle
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Campfire Oracle
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The USAA adjuster could not tell me for some strange reason. Did you ask to speak with that person's supervisor?
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Campfire Kahuna
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Campfire Kahuna
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My guess it's some sort of protection (believe it or not) from dual taxation on that portion of the award/settlement that might be a taxable event.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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Campfire Ranger
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Campfire Ranger
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The USAA adjuster could not tell me for some strange reason. Did you ask to speak with that person's supervisor? Call USAA, talk to their settlement(?)claims(?) dept, and keep going up the food chain until you get an answer. Then, ask for the explanation in writing.
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Campfire Outfitter
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The USAA adjuster could not tell me for some strange reason. Did you ask to speak with that person's supervisor? No Sir, but I will tomorrow morning....
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Campfire Kahuna
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Campfire Kahuna
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USAA is one of the US of A's very best insurance organizations Lynn. I'm with them myself. I'm sure you'll have a perfect understanding of what occurred before you finish with your morning calls.
If you run into any jams,PM me to let me know and I'll see what I can find out for you.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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Campfire Ranger
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Campfire Ranger
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No ideas, but someone in the ladder obviously should know. With no issues, is one expected to recover it at a later date?
Also, make sure one is not taxed for that sum until is passes through youre account.
Last edited by 1minute; 01/09/13.
1Minute
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Campfire Ranger
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I know there are circumstances where withholding taxes are required but in this case ... I dunno. I found this while searching the innanet. http://answers.yahoo.com/question/index?qid=20060805190105AAx9AQiIRS rules are a teensy bit complicated  on this subject and a brief search didn't give any complete answers. When you factor in residing in the US and Canada it becomes even more complex. A written statement from USAA would be the first step, AFAIK.
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Campfire Oracle
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Campfire Oracle
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I found this while searching the innanet.
That's helpful. I hear there is no internet in Canada yet.
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Campfire Oracle
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Campfire Oracle
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The USAA adjuster could not tell me for some strange reason. Did you ask to speak with that person's supervisor? No Sir, but I will tomorrow morning.... step 1, IMO.
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Campfire Tracker
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My sister works there. I will present your question to her.
BP...
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