Understand if the IRS can claim life insurance proceeds from a beneficiary. Learn about tax implications, factors affecting IRS claims, and protective measures.

IRS Section 7702 defines the requirements for a cash value life insurance policy to receive significant tax advantages. Section 7702 considers premiums paid, cash value accumulated and the death ...

Here's how tax relief could help ease your lingering IRS debt now. ... The bottom line. Owing money to the IRS can feel overwhelming, ... Should you buy whole life insurance for your children?

If your income was $84,000 or less in 2024, you may be able to file your taxes through IRS Free File, a program in which online tax prep companies partner with the IRS to provide free services ...

The IRS has issued tax help for victims of major disasters, including hurricanes and wildfires. If you live in one of the affected regions, you may be eligible for an extension for your 2024 tax ...

“The IRS has always disliked them because some people have been using them as tax shelters.” The IRS passed final regulations ...

The Internal Revenue Service (IRS) laid out the rules (in publications in Rev. Rul. 2002-89 and Rev. Rul. 2002-90) under which captive insurance constitutes insurance for federal income tax ...

Dealing with delinquent tax debt can be scary, even for the most seasoned taxpayers. If you don't pay off what you owe quickly, the letters from the Internal Revenue Service (IRS) arrive with ...

Tax debt relief services can help those who owe significant debt to the IRS. Getty Images/iStockphoto Many Americans are gathering their tax documents with the April 15 federal tax filing deadline ...

No, tax relief services aren't worth it (and why) While tax relief services can help you deal with the IRS to reduce your tax debt, they're not for everyone. "If the taxpayer is just currently ...

The tax credit can help qualifying individuals pay for coverage from the Affordable Care Act’s health insurance marketplace. Newsletter sign up Newsletter When you purchase through links on our ...