Roberto is self-employed. He worries that he won’t pay the right amount of taxes each year. He has decided to try to figure out what he will owe and pay a little bit to the government quarterly so he won’t be too far off when he files his tax return. What method does this MOST likely demonstrate? A. estimated payments
B. filing taxes
C. auditing
D. withholding

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?