Do you need to pay taxes on death benefits in the United States?

Buy mainland insurance policies and receive death benefits; In essence, it is the same as the 20 billion yuan left to him by the death of grandpa in Taiwan Province Province, the richest man in Xihong City. This is your fault, but it is a financial gain generated in a specific country or region where the financial system is relatively independent and is regulated by local laws, regulations and policies.

You have the right to receive it, and you also have the obligation to pay taxes or fulfill other requirements in accordance with laws and regulations, in order to receive it smoothly. Going abroad is a matter of foreign exchange control, depending on the foreign exchange system and relevant state regulations. Similarly, Wang Duoyu can get the inheritance, but it depends on whether the inheritance is in Swiss bank trust or Taiwan Province province. If you enter Chinese mainland, it must be legal and compliant. Similarly, if you get benefits at home, you must abide by the policy when you go abroad. At present, individuals can transfer 50 thousand a year. If you are not in a hurry, turn slowly! Of course, there are other ways, but there are costs. First, foreigners can also be the beneficiaries of China insurance. Foreigners can also benefit from China's death insurance policy. As long as the settlement procedures are complete, you can go to the insurance company to settle claims and receive death insurance benefits. The following materials need to be prepared for the claim of the deceased beneficiary: ① insurance policy; The applicant's legal identity certificate; (3) the death certificate of the insured issued by the public security department or the second-class hospital or above; (4) Certificate of cancellation of the insured's household registration; (5) Other certificates and materials required by the insurance company that the applicant can provide to confirm the nature and causes of the insured accident. Secondly, after foreigners get the death insurance money, they can take the money abroad through foreign exchange channels normally. According to China's Interim Measures for the Administration of Sale and Payment of Foreign Exchange for Personal Property, Mr. Wu, who has emigrated to other countries, can normally apply to the foreign exchange administration department to transfer the death insurance money obtained in China to overseas through immigration transfer, and the amount is not limited by the foreign exchange limit of $5 per person per year stipulated by the foreign exchange administration department of China.

Legal beneficiary of death. The Supreme People's Court's Interpretation on Several Issues Concerning the Application of the Insurance Law of People's Republic of China (PRC) (III) Article 9: If the beneficiary has been agreed as "legal" or "legal heir", the legal heir stipulated in the inheritance law shall be the beneficiary. Therefore, the legal heir, as the legal beneficiary, enjoys the right to benefit equally. Each insurance company has different treatment methods, which are generally divided into two types. The first category only needs the legal heir to file an application, submit the certificate of immediate family members, the written document of the insurance premium splitting plan issued by the local police station, neighborhood Committee and unit, and the insurance premium collection statement. The second one can apply for compensation from the insurance company only by notarization of inheritance rights.

The third type: the beneficiary of death is not specified. At this time, the death insurance money is the heritage of the insured, and the heritage is inherited by the legal heir, so the procedure for receiving it is the same as filling in the legal beneficiary.

To sum up, clearly specifying the beneficiary of death can simply and directly obtain compensation. If there is no designated beneficiary or legal beneficiary, it will be more troublesome and even need notarization.