Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy? 1. Premiums are taxable to the employee. 2. Premiums are not tax deductible as a business expense. 3. Premiums are tax deductible by the key employee. 4. Premiums are tax deductible as a business expense.

Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy?1. Premiums are taxable to the employee.2. Premiums are not tax deductible as a business expense.3. Premiums are tax deductible by the key employee.4. Premiums are tax deductible as a business expense.
 
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The post Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy? 1. Premiums are taxable to the employee. 2. Premiums are not tax deductible as a business expense. 3. Premiums are tax deductible by the key employee. 4. Premiums are tax deductible as a business expense. appeared first on Superb Professors.

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