Which of the following fringe benefits is taxable to the recipient?

Bill Brown, age 51, is planning to retire in 5 years and withdraw funds from his tax deferred annuity. Bill can make this withdrawal, but he must pay a 10% penalty for early withdrawal.

The IRS has limited corporate deductions for payments under golden parachute arrangements; however, these limits do not apply to a closely held corporation.

Most major medical plans cover routine doctor visits.

Which of the following is (are) true regarding retroactive amendments?

Parachute rules apply to payments from both S and C corporations.

An incentive stock option plan is an alternative to a bonus plan.

The owners of MegaStat Corporation have asked for your help in designing a health benefit program for retirees. The owners tell you that they need a plan that has a low initial cash flow, is simple to implement, and has no nondiscrimination requirements to meet. You recommend

Premiums for commercial health insurance contracts include all of the following except

Capital needs at death can have a significant impact in any planning scenario. Which of the following is a reason to include this area when doing retirement planning?