税务处理第 463 / 716 题
In an entity (stock-redemption) buy-sell plan, the life insurance is owned by:
a.The business's customers
b.Each owner individually, who purchases a separate policy on each of the other owners
c.The company's rank-and-file employees
d.The business itself, which agrees to buy back a deceased owner's interest
解析
In an entity or stock-redemption plan, the business owns the policies on each owner and uses the proceeds to purchase (redeem) the deceased owner's interest from the estate, keeping the buyout centralized in the company. The owners do not each hold policies on one another (that is the cross-purchase approach), and employees and customers are not parties to the funding. Entity plans are often simpler when there are many owners, since the business holds one policy per owner rather than many cross-owned policies.
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同考点相关题目
- For key-person life insurance that a business owns and is the beneficiary of, the federal tax treatment is generally that the:
- Under federal tax rules, employer-paid group term life insurance is income-tax-free to the employee on coverage up to:
- In a cross-purchase buy-sell agreement funded with life insurance, the policies are owned by:
- An executive bonus (Section 162) plan generally works by having:
- Distributions from a traditional, fully pre-tax qualified retirement plan are:
- A ten percent federal tax penalty generally applies to taxable withdrawals from annuities and qualified plans taken before the owner reaches age:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)