Final Regs Describe Fair Market Value Calculation for Qualified Plan Insurance Distributions
Author: Staff Editors.
Source: Volume 19, Number 03, January/February 2006 , pp.48-51(4)
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Abstract:
Final regulations issued in August describe the amounts includible in income when an employee is provided with permanent benefits in combination with group-term life insurance when a life insurance contract is transferred in connection with performance of services. The regulations apply to transfers of life insurance contracts, retirement income contracts, endowment contracts, or other contracts that provide life insurance protection. Amendments are made to the regulations under Sections 79, 83, and 402(a).Keywords:
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