Charitable reverse split dollar and charitable split dollar
Article Abstract:
The author describes tax planning vehicles using split dollar life insurance which are the subject of congressional bills. The bills would deny the tax benefits of their use, including tax deductions and gift tax exclusions. The author believes that, regardless of the bills' passage, four conditions would have to be met for charitable split dollar arrangements to successfully survive IRS scrutiny.
Publication Name: Journal of Financial Service Professionals
Subject: Business
ISSN: 1537-1816
Year: 1999
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The new family-owned business deduction: helping executors solve the liquidity problem
Article Abstract:
The authors discuss tax planning issues concerning the qualified family-owned business deduction in IRC section 2057 which was enacted to replace the section 2033A exclusion by the IRS Restructuring and Reform Act of 1998. Qualification for the valuable deduction is difficult and administration may be burdensome.
Publication Name: Journal of Financial Service Professionals
Subject: Business
ISSN: 1537-1816
Year: 1999
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Recent law changes still leave restrictions on home office deduction
Article Abstract:
The authors discuss changes in tax regulations regarding deductions for home offices under IRC section 280A.
Publication Name: Journal of Financial Service Professionals
Subject: Business
ISSN: 1537-1816
Year: 2001
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