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Tax Treatment of Long Term Care when corporation purchases for non emp


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#1 John B Natowitz

John B Natowitz

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Posted 27 October 2000 - 08:50 AM

Can a family owned or closely held corporation deduct LTC premiums for non-employees who are significant shareholders (spouse / children)? If the corporation pays for the LTC, is that taxable to the employee? Or would the tax treatment be similar to health insurance for family members?
John B Natowitz