The Internal Revenue Service has come out with two batches of advice discussing how buyers and sellers of in-force life policies should treat the transactions.
IRS Revenue Ruling 2009-13 discusses the tax implications for insureds who sell policies.
IRS Revenue Ruling 2009-14 discusses the tax implications for companies or others that buy policies and receive the benefits when the insureds die.
IRS Revenue Ruling 2009-13 - The Seller's Taxes..Read More
IRS Revenue Ruling 2009-13 discusses the tax implications for insureds who sell policies.
IRS Revenue Ruling 2009-14 discusses the tax implications for companies or others that buy policies and receive the benefits when the insureds die.
IRS Revenue Ruling 2009-13 - The Seller's Taxes..Read More
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