Sometimes you’re taxed for not knowing

Sometimes you're taxed for not knowing

Tax can be complex, so when you're thinking about how to best allocate and plan your wealth, it requires some depth. The simple fact is that "not knowing" can be one of the highest taxes you pay. Here's a simple primer on just a few of the basics of corporate-owned life insurance. You'll see that simply "knowing" a bit more, can have a significant impact on your tax (which is code for "how much you and your estate get to keep of what you've earned").

SOURCE: CA Magazine