[Anonymous]

In the book it states they are not tax deductible if the corporation is the beneficiary yet a multi-choice question in the “optional questions” at end of Becker claims that $10,000 is not includible in taxable income where the corp is the beneficiary….

What am I missing here?>?

EDIT: Here’s a picture of why I am confused (exact question)

https://tinypic.com/r/2czo4mu/6

[storm]

The premiums are not tax deductible, and the proceeds are not included in income.

REG 05/31/11 - 93
BEC 10/03/11 - 88
AUD 07/01/12 - 94
FAR 07/30/12 - 90

[Anonymous]

Ahhh…. thanks

[Author]

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