The “small welfare plan exemption” that exempts an employer from filing an annual report applies to welfare plans
The employer gets a tax deduction for the employer’s share o…
The employer gets a tax deduction for the employer’s share of premium payments under a split dollar life insurance plan.
Under a qualified domestic relations order (QDRO)
Under a qualified domestic relations order (QDRO)
The death benefits of key employee life insurance are payabl…
The death benefits of key employee life insurance are payable to the employer.
Tandy is a self-employed owner of Candle Creations. She has…
Tandy is a self-employed owner of Candle Creations. She has a Keogh plan that provides incidental insurance through a cash value life insurance contract. This year, her premium is $1,400, of which $800 is for pure life insurance protection and the rest is used to increase the cash value. Tandy
Angela Snider, age 32, has $19,000 in her qualified retireme…
Angela Snider, age 32, has $19,000 in her qualified retirement plan. The maximum amount that Angela can borrow against her account is
A savings plan is a qualified defined contribution plan that…
A savings plan is a qualified defined contribution plan that encourages employee after-tax contributions.
All of the following organizations can adopt a TDA plan, exc…
All of the following organizations can adopt a TDA plan, except
Employee benefits primarily have been designed to give an em…
Employee benefits primarily have been designed to give an employer a way to reduce tax liability.
The employer gets a tax deduction for the employer’s share o…
The employer gets a tax deduction for the employer’s share of premium payments under a split dollar life insurance plan.