Estate On The Hook For $1M In Taxes For Life Insurance Cash

By Theresa Schliep · September 22, 2021, 2:38 PM EDT

A man's estate owes an additional $1 million in taxes after a Missouri federal court ruled that life insurance proceeds used to purchase his shares in a family business should have...

To view the full article, register now.

Documents

Case Information

Case Title

Connelly v. United States of America, Department of the Treasury, Internal Revenue Service

Case Number

4:19-cv-01410

Court

Missouri Eastern

Nature of Suit

Taxes

Date Filed

May 23, 2019