Friday, June 19, 2009
IRS Answers Questions On Employer-Owned Life Insurance Contracts But Tax Traps Remain
The IRS recently issued guidance in connection with employer-owned life insurance contracts ("EOLI"). Notice 2009-48 clarifies a number of administrative questions. It does not eliminate the loss of tax benefits applicable to EOLI or the need to satisfy notice and consent formality in order to quality for exception from these rules. An inadvertent failure to satisfy the notice and consent requirements could result in the loss of a significant tax exclusion...
Mondaq: IRS Answers Questions On Employer-Owned Life Insurance Contracts But Tax Traps Remain
Mondaq: IRS Answers Questions On Employer-Owned Life Insurance Contracts But Tax Traps Remain
Permalink posted by markw @ 5:04 AM 
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