This subject has been often discussed - but seems to be an evolving issue and I would like to explore the latest.
As I understood the CODE for SEHI, it had to be issued in the name of the business for the parties. As the health insurance industry virtually would not insure any such company unless they were sufficiently large, adherence to this narrow qualifier became impossible except in a few cases.
Many IRS officials began allowing all manner of other insurance to be deductible, in spite of the narrow qualifier. I believe this included even the IRS General Counsel, allowing such latitude as to even allow medicare payments.
Do any of you have more current information than this, or can supply a link to a recent pronouncement?
As I understood the CODE for SEHI, it had to be issued in the name of the business for the parties. As the health insurance industry virtually would not insure any such company unless they were sufficiently large, adherence to this narrow qualifier became impossible except in a few cases.
Many IRS officials began allowing all manner of other insurance to be deductible, in spite of the narrow qualifier. I believe this included even the IRS General Counsel, allowing such latitude as to even allow medicare payments.
Do any of you have more current information than this, or can supply a link to a recent pronouncement?
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