Product Description This digital document is an article from The Tax Adviser, published by American Institute of CPA's on November 1, 1993. The length of the article is 4638 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Proposed regulations addressing the tax treatment of accelerated death benefits (ADB), if adopted, would clarify and simplify tax status of such benefits. The regulations would recognize payments made because of death as ADBs and would not be considered income for tax purposes. People must be terminally ill to qualify for ADB status in the eyes of the IRS. For other benefits from such policies to be recognized as non-income they must be separately stated in a policy and financed with premiums other than those used in the life insurance contract.
Citation Details Title: Tax treatment of living benefits under life insurance policies. (proposed regulations would make tax treatment more uniform) Author: Jim Swayze Publication:The Tax Adviser (Magazine/Journal) Date: November 1, 1993 Publisher: American Institute of CPA's Volume: 24Issue: n11Page: 734(6)