is life insurance a business deduction

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Publication 535 (2011), Business Expenses
You generally can deduct the ordinary and necessary cost of insurance as a business expense if it is for your trade, business, or profession. However, you may .
http://www.irs.gov/publications/p535/ch06.html

Publication 334 (2011), Tax Guide for Small Business
You may be able to deduct business bad debts as an expense on your . Life insurance covering your employees if you are not directly or indirectly the .
http://www.irs.gov/publications/p334/ch08.html

Business Insurance Premiums are Tax Deductible
This article discusses the basic deductions for business insurance premiums. . Life insurance covering your officers and employees if you are not directly or .
http://businessinsure.about.com/od/insurancepoliciesandlaw/a/dedinspre.htm

  1. Taxes Paid When Employing a Nanny

    • Business Tax Deduction - Life Insurance
      Life Insurance is a fairly common and accepted part of the risk management of any good personal or business financial plan. It is not, however, a valid business .
      http://www.businesstaxrecovery.com/business-tax-deduction-life-insurance

      Life Insurance Deductible
      Even if you're a small business owner, your personal life insurance premiums cannot be deducted from the business income for tax purposes. Even though a .
      http://nolifeinsurancetm.com/life_insurance_deductible/

    Child Tax Credit or Dependent Care Account

    • Tax Deductions You May Be Missing
      Mar 7, 2011 . Life insurance premiums are deductible as a business-related expense, and the death benefit is generally tax-free for individual policy owners.
      http://www.investopedia.com/articles/tax/09/personal-business-tax-tips.asp

      Taking Business Tax Deductions - TurboTax® Tax Tips & Videos
      You can deduct insurance expenses for your business as long as . Life insurance where you are directly or indirectly the beneficiary.
      http://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Taking-Business-Tax-Deductions/INF12043.html

    Employee Benefits

    • Can I Deduct My Insurance? Well, it Depends | Fox Business
      Feb 10, 2011 . Fox Business - The Power to Prosper. Fox News . Life Insurance: Not deductible as an expense on your individual income tax return. However .
      http://www.foxbusiness.com/personal-finance/2011/02/10/deduct-insurance-depends/

      List of Nondeductible Expenses
      In most cases, a deduction is denied for these items either because they are . on indebtedness incurred by a business taxpayer to purchase life insurance .
      http://taxguide.completetax.com/text/Q13_2580.asp

    Avoiding Taxes

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