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Do I need to declare Life insurance Policy/Unit Linked Insurance plan in FBAR for which premium is paid yearly?

Business Life Insurance 6 views 1 answers
I have a Life insurance policy and a Unit Linked Insurance plan which were started 4 years before I came to US but I still pay premium for them be remitting funds to foreign country. Since, they are life insurance policy and premium is paid of , do I need to declare them ? #Tax r

Attorney Answer

1
Hillary Johns ·
Can you restate this please? Your sentence says "paid of". Did you mean "paid off"? The next sentence says "Tax r" Did you mean "tax reasons". If I'm understanding your question correctly you want to know which monies to declare on your taxes for each tax year and if you have to?
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