Hi:
We are Canadians living in US since 2008. I had a life insurance with Cash Value and we never reported to US tax since we understood that cash value less than 10,000 don't need to be reported.
This year we decide to cancel the life insurance and today I got a check for 7K and I don't know how ...
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- Sat Feb 21, 2015 11:25 am
- Forum: Canada / United States Tax & Accounting
- Topic: Life Insurance with Cash Value
- Replies: 9
- Views: 8153