IRS Resources
An informed foundation for thoughtful planning.
Explore official IRS information and relevant tax-code references for insurance, retirement assets, and wealth transfers.
Reference material, not tax advice
These general resources are not an exhaustive list of applicable tax laws, do not confirm eligibility for any strategy, and do not imply IRS endorsement or approval of Legacy IMO, Inc. or the L.I.O.N.™ Program. Tax treatment depends on the facts, structure, and current law. Consult your independent tax and legal professionals before implementation.
IRC § 101
Life insurance proceeds
General IRS guidance on death-benefit proceeds, interest, and situations in which proceeds may be taxable.
IRC § 72
Pensions and annuities
An overview of taxable and tax-free portions of pension and annuity payments. This is general guidance, not a determination of any policy’s treatment.
IRC § 7702
Life insurance qualification
IRS informational correspondence on the statutory definition of a life insurance contract and qualification tests. An information letter is not an approval of an individual strategy.
IRC § 7702A
Modified endowment contracts
IRS informational correspondence discussing life insurance and modified endowment contract classification. Funding and policy design can affect tax treatment.
Retirement planning
Retirement plan and IRA rollovers
Rules for eligible distributions, direct rollovers, withholding, and rollover deadlines. Not every distribution or account can be rolled over.
IRC § 4975
Prohibited transactions
IRS guidance on transactions involving retirement plans and disqualified persons, and the potential tax consequences.
Wealth transfer
Estate and gift taxes
Official information about federal estate and gift taxes, filing responsibilities, and transfers of property.
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