[Fredslist] (promo) for C- Corporations

[howard at hwbinsurance.com]

FOR C-CORPORATIONS
   
  Premium payments for a tax-qualified long term care insurance policy are fully (100%) deductible as a reasonable and necessary business expense—similar to traditional health and accident insurance premiums.
   
  Tax deductible insurance protection can be purchased for employees and owners. Company-paid policies can cover spouses-even though they are not employed by the company-and retirees.
   
  PRE-TAX DOLLARS TO FUND 
  POST-RETIREMENT ASSET PROTECTION
   
  All employee-paid premiums are not included in the employee’s gross income (not reported).  The same applies for the spouse and tax dependents. Note: Policies purchased for a stockholder who is not and “employee” may not be deducted and the premiums paid may represent dividend income to the shareholder.
   
  CAN YOU DISCRIMINATE?
   
  It may be possible to create a bona fide class of select corporate employees that are eligible for this corporate-paid benefit. Premium payments generally will be fully tax deductible when the class is based on such factors as officers of the corporation and length of service. Tax rulings have stipulated that the class can not, however, be based on stock ownership.
   
  Please call/email Howard W. Bersch
  for more information.
  201 567 3236
  howard at hwbinsurance.com


Howard W. Bersch
tel.  201-567-3236
fax.  201-567-6210
email.  howard at hwbinsurance.com
website.www.hwbinsurance.com
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