Can The IRS Take Money From Life Insurance?
- 63333 POINTSContact Meview profilePeggy MacePROMost of the U.S.When life insurance is left to a beneficiary, the death benefit is the property of the beneficiary. The IRS cannot take the life insurance proceeds unless the beneficiary was a cosigner for whatever the IRS is seeking payment. If the beneficiary of the policy is the Insured's estate, then the life insurance money is available to the IRS.Answered on December 4, 2013+21 0+1 this answerflag this answerview more answers by Peggy Mace
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