What are the tax implications of cashing out a business key person insurance policy when retiring and closing the corporation?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
What are the tax implications of cashing out a business key person insurance policy when retiring and closing the corporation?
2 real searches · 1 real-search pass
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (2)
Classes come from the query-classifier (a local Laya model). 2 of 2 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT2 real searches · gpt-6
IRS corporate-owned life insurance surrender cash value taxable gain basis section 1016 101(a) key person insurance Google ↗
IRS corporation complete liquidation shareholder tax section 331 section 336 distribution assets liquidation Google ↗
- Internal Revenue Bulletin: 2009-21 · irs.gov
- Life Insurance What Attorneys and Trustees Should Know · americanbar.org
- 26 U.S. Code § 331 - Gain or loss to shareholder in corporate liquidations | U.S. Code | US Law · law.cornell.edu
- 26 U.S. Code § 336 - Gain or loss recognized on property distributed in complete liquidation | U.S. Code | US Law · law.cornell.edu
Queries
2 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS corporate-owned life insurance surrender cash value taxable gain basis section 1016 101(a) key person insurance OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
IRS corporation complete liquidation shareholder tax section 331 section 336 distribution assets liquidation OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 |