06-02-2006, 05:18 AM
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 Re: Deductible Life Ins Premiums <bwilliams674[at]hotmail.com> wrote - quote - > If I have a single owner S corp and I purchase life
No.> insurance on myself paid by the company are those premiums > deductible by the corporation? And it doesn't matter how you word it, or how you title the policy, or who the beneficiary is, the answer wiwll still be no. Life insurance premiums are not deductible except in very limited instances. $50,000 term comes to mind as the only exception. But that doesn't even apply in this case. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
04-10-2006, 05:38 AM
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| Deductible Life Ins Premiums If I have a single owner S corp and I purchase life insurance on myself paid by the company are those premiums deductible by the corporation? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| deductible, ins, life, premiums |
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