In 2001, Titoâs Handmade Vodka won the double gold medal for best vodka at the San Francisco World Spirits Competition. That means it was a unanimous decision. That also means that there are judges who are invited to San Francisco every spring to drink for free and that it must be nice to be a judge of such things.
But interest that accrues on a cash value life insurance policy will be considered taxable income, and you should receive a Form 1099 showing the total interest earned each year, he says. Many insurance companies offer policyholders the option of using their interest to buy additional insurance.
TaxAct Health Care Tax Penalty Calculator. If you have health insurance, you don't have to worry about paying a penalty. If you don't have coverage for two or more months in 2015, you may be subject to paying a tax penalty on your 2015 federal income tax return due April 18, 2016. TaxAct's Health Insurance Tax Penalty Calculator estimates the maximum tax penalty amount for not having health insurance in 2015.