13
2020
AZ Clients REMINDER
April 15, 2020 DUE DATE FOR AZ Tax Credits and 1st Quarter Estimates
April 15, 2020 DUE DATE FOR AZ Tax Credits and 1st Quarter Estimates
Coronavirus Scams: What the FTC is doing https://bit.ly/2WrWQKb
IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments | Internal Revenue Service https://bit.ly/3bK5p7B
If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax rules, life insurance will be included in your taxable estate if either: 1) Your estate is the beneficiary of the insurance proceeds, or 2) You possessed certain economic ownership rights (called “incidents of ownership”) in the policy at your death (or within three years of your death).