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Business-Owned Life Insurance May Be Taxable ...
https://www.claconnect.com/resources/articles/businessowned-life...
Employer strategies Business-Owned Life Insurance May Be Taxable. Dudley Ryan ; 12/11/2012 Many businesses own life insurance on employees and owners, and designate the business as beneficiary of the policy.
Everything You Should Know About Corporate-Owned Life ...
https://www.investopedia.com/.../12/corporate-owned-life-insurance.asp
This article examines the history, purpose and taxation of corporate-owned life insurance (COLI) in America. ... (such as with a closely-held business).
Corporate-owned life insurance - Wikipedia
https://en.wikipedia.org/wiki/Corporate-owned_life_insurance
Corporate-owned life insurance ... Because of the tax-free ... Although the 4 out of 7 test was exploited in the 1980s by businesses seeking to in effect ...
Taxation of Corporate-Owned Life Insurance: Traps for the ...
www.kaufmanandcanoles.com/blog/trusts-and-estates-law/taxation-of...
Taxation of Corporate-Owned Life Insurance: Traps for the Unwary. October 25, 2012, 9:25 AM. Most corporate clients assume that proceeds of a life insurance policy insuring the life of an employee are tax free.
Taxability of Employer-Owned Life Insurance Contracts
https://www.thetaxadviser.com/issues/2009/dec/taxabilityofemployer...
Sec. 101(j)(1) limits the amount of tax-free treatment a person (which can be any type of entity) can receive from the proceeds on an employer-owned life insurance (EOLI) contract.
Company-Owned Life Insurance - Journal of Accountancy
https://www.journalofaccountancy.com/issues/2000/jan/companyowned...
any companies recognize that the skills and abilities of their employees are invaluable to the conduct of their businesses. Therefore, they try to use life insurance to reward employees and protect their businesses by setting up company-owned life insurance (COLI) programs that include buying policies on their employees lives.
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