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Tag Archives: Tax

Tax Problems with Whole Life Insurance


Recently you hear in the news about Tax Court making negative decisions regarding whole life insurance. Usually case involves a policyholder challenging insurance company and or IRS regarding a 1099 reporting and the result usually means the policyholder looses. So most policyholders are really upset. Why? In most cases this results from a mishandled tax deferred account or a cash ...

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10 Things You Never Want to Put on a Credit Card

credit cards

In today’s fast-paced and sophisticated lifestyle, nearly everyone relies on credit cards for charging such items as the cost of purchases, recurring monthly payments, restaurant meals and entertainment tickets. Many consumers make charges every day to their current charge card accounts. However, there are certain specific charges and fees you never want to put on a credit card, including:  1. ...

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