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Dividing Insurance Policy to Give Half to Charity OK  


Author:  Staff Editors.


Source: Volume 08, Number 06, September/October 2009 , pp.15-15(1)




Family Foundation Advisor

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Abstract: 

In INFO 2009-0127, recently released by the IRS National Office, the IRS advised that a taxpayer who exchanges one life insurance policy for two new policies will be entitled to a charitable deduction upon donating one of the two policies to charity.

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