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Taxation

In business succession planning, especially when funding corporate buy-outs, one of the primary considerations should be the tax advantages of permanent life insurance. The primary reason businesses purchase life insurance is to protect the company from unnecessary risks. However, permanent life insurance has other valuable business uses as well including providing valuable executive benefits, funding.. More

When filing taxes, every business looks for as many deductions as possible, and looking to deduct your key man life insurance premiums is no exception. However, before you write off corporate owned insurance premiums, you need to fully understand how the IRS is going to treat this issue. Additionally, your business needs to be aware.. More