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CPA NetProtectSM for AICPA Member Insurance Programs  Form

CPA NetProtectSM for AICPA Member Insurance Programs Form

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Instructions and help about CPA NetProtectSM For AICPA Member Insurance Programs

hey it's Darius scores are out and congratulations to those who passed the CPA exam and thanks for noticing the I75 difference so if you didn't pass don't get mad get yourself on I75 with me Darius Clark because the right teacher makes all the difference in this video we're going to learn about life insurance premiums and whether they're deductible or not for tax purposes and this is important if you're taking the CPA reg exam or the EA part two exam if a company pays insurance premiums to cover the lives of its employees the deductibility of those expenses depends on the identity of the beneficiary of the life insurance policy see this is life insurance it only pays out if somebody dies if the company is the beneficiary of the policy no tax deduction is allowed for the corporation because life insurance settlements are tax free the corporation would get the money taxfree and the IRS they wouldn't allow a deduction for something t

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