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Key Man Life Insurance – IRS Tax Exempt Treatment Ruling – What does it mean for your business?

By Byron Udell | July 25, 2008

Key Man Life Insurance A 2008  Internal Revenue Service addressed the tax exempt treatment of life insurance policy proceeds on key-man policies of Subchapter S-Corporations; medical and/or otherwise. The 2008-42 Revenue Ruling addresses the issue of whether an AAA financial credit rating will be affected by the following two factors: The premiums paid by an…

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