Choose one: a. Life insurance premiums used to finance a buy-sell contract are tax deductible for a corporation, but not for a partnership or individual. In a cross-buy-sell contract, the company undertakes to acquire the commercial participation upon the occurrence of the triggering event. Which of the following statements applies to purchase and sale contracts? When you are logged into your account, this website remembers the cards you know and what you don`t know, so they are in the same box the next time you log in. To see how well you know the information, try the quiz or test activity. You can also move the cards with your keyboard as follows: Use these flashcards to memorize information. Look at the big map and try to remember what`s on the other side. Then click on the card to return it. If you knew the answer, click the green Knowledge box. Otherwise, click the red Don`t know box. c. If a corporation pays premiums for a policy that belongs to one shareholder over the life of another shareholder, that payment may be considered a dividend. If you accidentally placed the card in the wrong field, simply click on the card to remove it from the box.
d. If a shareholder dies, policies belonging to other shareholders will be included in the deceased`s estate for federal estate tax purposes If you have placed seven or more cards in the Do Not Know field, click „Retry“ to retry those cards. If you need a break, try one of the other activities listed under the flashcards, such as Matching, Snowman, or Hungry Bug. Although you feel like you`re playing a game, your brain is always establishing more connections to information to help you. .