Income Taxation of Life Insurance and Annuity Contracts

ISBN-10: 1558719369
ISBN-13: 9781558719361
Category: Annuities
Language: English
Authors: Mark E. Griffin, Tax Management Inc, Kirk Van Brunt

Description

" ... considers the federal income tax rules applicable to life insurance and annuity contracts, addressing, for example, the exclusion from gross income of death benefit proceeds and the taxation of annuity payments; deductions related to the purchase of life insurance policies and annuity contracts; the federal income tax rules applicable to dispositions of life insurance policies and annuity contracts; international aspects; and valuation. This Portfolio does not address the definition of a life insurance or annuity contract for federal tax purposes. That topic is discussed in Tax Management Portfolio 546 T.M., Annuities, Life Insurance, and Long-Term Care Insurance Products"--Portfolio description.

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