How you can save your tax dollars if you have a Foreign Annuity/Life Insurance Policy
Do you have a Foreign Annuity/Life Insurance Policy? Do you know what you should and shouldn’t be taxed on? GYL Decauwer specializes in helping clients determine how to deal with tax related issues and can help you determine if it is a non-taxable or taxable return of principal. Fact: Jane Doe is receiving proceeds from a large foreign annuity life insurance policy. Her prior accountant was reporting the proceeds as taxable income for some time. Due to GYL Decauwer’s strong tax team it turns out that the majority of the cash flow was considered non-taxable return of principal. Under certain US statutes you may be protected, but if not identified soon enough, you may not be eligible for a refund on the taxes paid in previous years. Contact GYL Decauwer and let us show you how we can help you discover your tax savings. www.gyldecauwer.com Tel: (909) 948-9990! Get 10% off our services when you mention you saw us online
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