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Taxation of Life Insurance coverage Half I – jj
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Taxation of Life Insurance coverage Half I



Discussion of deemed dispositions of life insurance policies. Business Career College is a national financial services education provider. See our insurance …

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  1. Does the insurance company withhold tax of 14,000 in this example? Or is it up to the insured to pay the 14,000 tax bill on their own as in no withholding tax on surrenders? Is it only on a RIFF where they withhold tax on amounts higher then min. withdrawal?

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