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Re: Corporate owned Life Insurance
[Re: Spiderman]
#15276827
12/19/24 04:54 AM
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Joined: Aug 2006
Posts: 12,045
lakeforkfisherman
Elliptical Mechanic
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Elliptical Mechanic
Joined: Aug 2006
Posts: 12,045 |
“Dead peasant insurance” aka janitor insurance was outlawed in 2006 (see IRC 101j). Get up to date. You reading old articles? There are strict rules and reporting requirements around purchasing insurance on employees. You must be an HCE and consent to be insured. Also, the max amount of insurance must be disclosed, then there is annual reporting required. Old news.
LET’S GO BRANDON!!!
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