Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Episode 43: IBC BEST PRACTICES: Policy Loans and Tax Implications of Surrender
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Innhold levert av The Lara-Murphy Report. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Lara-Murphy Report eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Carlos and Bob reiterate the advantages of "becoming your own banker" through the use of policy loans, but they also point out the importance of paying back the loans (in most circumstances). In particular, they warn about the potential tax implications that occur if you surrender a policy.Mentioned in this episode: IRS definition of a "life insurance contract."https://www.law.cornell.edu/uscode/text/26/7702 IRS treatment of life insurance death benefits.https://www.law.cornell.edu/uscode/text/26/101
…
continue reading
89 episoder
MP3•Episoder hjem
Manage episode 307189406 series 3007095
Innhold levert av The Lara-Murphy Report. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Lara-Murphy Report eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Carlos and Bob reiterate the advantages of "becoming your own banker" through the use of policy loans, but they also point out the importance of paying back the loans (in most circumstances). In particular, they warn about the potential tax implications that occur if you surrender a policy.Mentioned in this episode: IRS definition of a "life insurance contract."https://www.law.cornell.edu/uscode/text/26/7702 IRS treatment of life insurance death benefits.https://www.law.cornell.edu/uscode/text/26/101
…
continue reading
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