I have appealed 3 times with the IRS and now am getting large amounts of interest attached to my account.
The IRS is considering my Long Term Insurance payout as an income even though I paid for the insurance
when I was working and had it taken out of my salary so taxes were taken out at that time. The amount
the IRS is asking for interest is more than the insurance paid me. According to the IRS wedsite
payments you received for a disability insurance policy that you paid the premiums for are not earned
income. What do I do now? My husband and I retired senior citizens and paying out more than
$10,000. 00 is a hardship. Thank you for your HELP.
