Posted: Tue Feb 16, 2010 06:21 am Post Subject: Keyman Insurance
Generally the premiums on this policy are deductible and the proceeds are taxable as the trading receipts of the employer as being compensated for the loss of profits.
Posted: Tue Feb 16, 2010 09:25 pm Post Subject:
We would need a little more specificity before answering. Keyman premiums paid? Received? Or a benefits from a keyman policy?
Posted: Tue Feb 16, 2010 06:21 am Post Subject: Keyman Insurance
Generally the premiums on this policy are deductible and the proceeds are taxable as the trading receipts of the employer as being compensated for the loss of profits.
Posted: Tue Feb 16, 2010 09:25 pm Post Subject:
We would need a little more specificity before answering. Keyman premiums paid? Received? Or a benefits from a keyman policy?
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