Generally, no. As a general rule, death proceeds are excludable from the beneficiary’s gross income. 1 Death proceeds from single premium, periodic premium, or flexible premium policies are received ...

The U.S. Supreme Court, in a unanimous decision, held Thursday that life insurance proceeds a corporation received to fund a share redemption agreement increased the corporation’s estate tax value, ...

Life insurance proceeds, typically paid directly to a beneficiary, are not generally subject to income tax as they're seen as reimbursement for a loss. However, exceptions do exist. For instance, if ...

In a landmark decision earlier this year, the Supreme Court addressed a crucial issue regarding the valuation of shares in closely held corporations for federal estate tax purposes. Michael and Thomas ...

In Connelly v. United States, the U.S. Supreme Court addressed a critical issue regarding whether life insurance proceeds used to redeem the shareholder’s stock affect the valuation of the stock for ...