Fund a Section 162 Plan With This Kind of Policy
Any permanent or even term coverage can be used to fund a Section 162 Plan although almost always some form … Read more
Section 162 Plans
Section 162 Plan and Business Owners
How does it worth with a section 162 plan and business owners? The use of an executive bonus arrangement with … Read more
What is a Double Bonus?
A second bonus to pay the tax on the first payment is often called a double bonus. Some employers pay … Read more
Controlled Executive Bonus Arrangement
A controlled executive bonus arrangement, also known as a restrictive or golden executive bonus arrangement, generally prohibits the insured employee … Read more
Tax Implications of Section 162 Plans
There are several tax implications to the Section 162 plan. Understanding these implications are important, as it will help the … Read more
Section 162 Plan Requirements
Assuming that the plan covers only one or two stockholders or top management executives, installation of Section 162 plan requirements … Read more
Disadvantages of Section 162 Plans
There are several major problems, drawbacks, or disadvantages of Section 162 plans. Understanding the disadvantages are important, as it will … Read more
Advantages of a Section 162 Plan
There are a number of advantages of a Section 162 Plan is a favored executive perquisite. Understanding the advantages are … Read more
When to use Section 162 Plans
Often called an Executive Bonus plan, a Section 162 plan involves the purchase of a life insurance policy on the … Read more
Section 162 Plan: An Introduction
Often called an Executive Bonus plan, a Section 162 plan involves the purchase of a life insurance policy on the … Read more