Can a closely held (sole owner or husband and wife) C-corp use a qualified plan to take a large deduction for long-term care premiums. Policies can be purchased with one payment or 5 payments rather than ongoing annual premiums.
Obviously the other side of the coin is that it be a tax-free fringe.
What happens when benefits are paid out....... taxable?
Obviously the other side of the coin is that it be a tax-free fringe.
What happens when benefits are paid out....... taxable?