Premiums for "qualified" long-term care insurance policies are tax deductible to the extent that they, along with other unreimbursed medical expenses (i...
Special tax rules apply if you rent out a vacation home, and the rules differ depending on how much you use the home personally. While all rental income is to be reported, the deductibility of expenses can be limited if you engage in "too much" personal use—generally defined as using th...
Employee medical: including long-term care: Businesses can deduct the cost of long-term care insurance premiums paid for non-owner employees. Also, companies can deduct most of their health insurance-related expenses, including dental and vision insurance premiums. Liability: These are policies that ...
Then they need to know about the important tax advantages of long-term care insurance. A surprising number of policyholders have the ability to deduct premiums, and those insured also find that the amount of premium that can be deducted increases each year. A big reason is that more and ...
Peck,Richard,L. - 《Nursing Homes Long Term Care Management》 被引量: 1发表: 2004年 IRS walks out on 'economic family'. (cover story) Possible change in the use of captive insurers; Court rulings upholding the tax deductibility of premiums in several cases; Provision of captive owners .....
Journal of Risk and InsuranceThe Tax Deductibility of Captive Insurance Premium: An Assessment and Alternative Perspective - Lai, Witt - 1995Lai, Gene C.& Witt, Robert C. (1995). "The Tax Deductibility of Captive Insurance Premiums: An Assessment and Alternative Perspective". The Journal of ...
Secondly, tax deductibility will depend on how you pay your premiums: If you pay for health insurance coverage before taxes are taken out of your employer’s paycheck, you can’t deduct your health insurance premiums. (Generally speaking, you can only claim qualified medical expenses as a post...
Record Retention - How Long to Save Your Return Red Alert - Error or Omission: 1065 K-1 Ordinary & Rental Income Schedule K (Form 1065) - Allocation of Distributive Share Items Schedule K (Form 1065) - Purpose Schedule K-1 (Form 1065) - Guaranteed Payments Schedule K-1 (Form 1065) -...
QUALIFIED. This term is frequently used in law. A man hag a qualified property in animals ferae naturae, while they remain in his power, but, as soon as they regain their liberty, his property in them is lost. A man has a qualified right to recover property of which he is not the ...
Self-employed individuals can deduct premiums for health, dental, and long-term care insurance.re premiums. 1. Disability Insurance Disability insuranceis one of the most commonly missed insurance-related deductions. This type of policy can provide supplemental income if you're unable to work due ...