William Byrnes' Tax, Wealth, and Risk Intelligence

William Byrnes (Texas A&M) tax & compliance articles

Obama Budget Would Undercut Utility of Life Insurance in Small Business Planning

Posted by William Byrnes on April 11, 2011

The Obama administration’s 2012 budget includes an attack on corporate owned life insurance that could further erode its tax advantages and put a ding in carriers’ balance sheets.  Washington’s repeated assaults on corporate-owned life insurance seem to be motivated by its view of corporate owned life insurance as simply a tax arbitrage opportunity for big corporations, ignoring its importance for smaller businesses that rely on a few key people to keep them afloat.  Read this complete analysis of the impact at AdvisorFX (sign up for a free trial subscription with full access to all of the planning libraries and client presentations if you are not already a subscriber).

For in-depth analysis of corporate-owned life insurance, see Advisor’s Main Library: D—Deductibility Of Business Insurance PremiumsE—Premiums As Taxable Income To The InsuredF—Taxability Of Corporate Owned Life Insurance Proceeds At Death.


One Response to “Obama Budget Would Undercut Utility of Life Insurance in Small Business Planning”

  1. QuickBooks Cloud…

    […]Obama Budget Would Undercut Utility of Life Insurance in Small Business Planning « Wealth Management Prof blog[…]…


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