Can IRS collect on life insurance from beneficiary?
Can IRS collect on life insurance from beneficiary?
When Proceeds May Be Seized If the insured failed to name a beneficiary or named a minor as beneficiary, the IRS can seize the life insurance proceeds to pay the insured’s tax debts. The same is true for other creditors. The IRS can also seize life insurance proceeds if the named beneficiary is no longer living.
