Information for tax year 2015 is now available. Unemployment compensation is taxable income and must be reported each year even if you have repaid some or all of the benefits received. You should use the same PIN that you used to certify or inquire on your unemployment claim to access your IRS Form 1099-G for UI Payments.
Actions taken by an executor during the probate of an estate are usually monitored by the court, so the opportunity for any actual wrongdoing by an executor who is also a beneficiary is limited. If your estate is small and all your beneficiaries are next-of-kin, the choice of an executor may not be as critical.dvantages. Executors are commonly compensated for their services. Someone who stands to inherit under the terms of your will may be more inclined to waive payment for acting as executor. Since the estate pays the fee, it is probably going to be deducted from his bequest to some extent anyway.
Many professionals in the industry feel that the best or safest approach is to name a primary beneficiary and a contingent beneficiary on a life insurance policy. Revocable and Irrevocable Life Insurance Beneficiaries. There are two classes of beneficiaries known as revocable and irrevocable beneficiaries. 1  Revocable beneficiaries: The owner of the life insurance policy has the right to change the beneficiary designation at any time without the consent of the previously named beneficiary. Irrevocable beneficiaries: The owner of the life insurance policy cannot change the designation of the beneficiary without the consent of the original beneficiary.