Are life insurance premiums deductible for a C Corporation? - Universal CPA Review
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Are life insurance premiums deductible for a C Corporation? - Universal CPA Review
Yes, but only if the executive/employee is the beneficiary of the life insurance policy. If the company is the beneficiary of the life insurance policy, then the life insurance premiums are not deductible. Remember that life insurance proceeds are nontaxable for the C Corporation.
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