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John Machacek, Jr., et al v. CIR
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November 26, 2018
IRS Urges 6th Circ. To Rethink Exempting Insurance Benefits
The Sixth Circuit should reverse its recent opinion exempting a shareholder's split-dollar life insurance benefits from tax because the court mistakenly saw the benefits as a distribution of company property when they were actually taxable income, the Internal Revenue Service has urged the court.
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October 12, 2018
6th Circ. Upends Tax Court Ruling On Life Insurance Premiums
The Sixth Circuit overruled a U.S. Tax Court decision on Friday, finding that a couple need not treat the economic benefits resulting from the $100,000 premium on a life insurance policy as income because their pass-through entity was already taxed for that amount.