Filtering by tag: Internal Revenue Service ✕

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Will Your Life Insurance Policy Be Subject to Estate Taxes?

At a recent extension event, a question was raised about whether an individual's life insurance policy placed on themselves was considered part of the 'gross estate,' which is subject to the estate…

Helene & Taxes: Frequently Asked Questions for Affected Farmers, Business Owners

As the 'ag tax' professor at NC State, I have made it my mission since the devastation caused by Hurricane Helene and Hurricane Debby to provide as much tax information as possible to help those…