Distributions (including loans) from life insurance contracts classified as Modified Endowment Contracts under the IRC are taxed gain-out-first

Distributions (including loans) from life insurance contracts classified as Modified Endowment Contracts under the IRC are taxed gain-out-first While the death benefits from a life insurance contract are generally tax-free, interest may be paid from the date of death until the claim is settled. payday loans in Indiana The IRS requires that we report the …

Distributions (including loans) from life insurance contracts classified as Modified Endowment Contracts under the IRC are taxed gain-out-first Read More »