Harmon, inc. was incorporated and began business on january 1, 2018. its tax liability for 2018 was $36,000. its tax liability for 2019 was $50,000. which of the following is a correct statement concerning the payment of estimated taxes for 2019 a. harmon must pay $9,000 on the 15th day of april, june, september and december. the $14,000 balance is payable by april 15, 2020. b. harmon must pay $12,500 on the 15th day of april, june, september and december. c. harmon may pay $50,000 tax no later than march 2020 d. none of the above is correct

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?