Carissa is the Chief Technology Officer for her employer, Greenfree, Inc. Carissa is a highly paid employee
Question:
Carissa is the Chief Technology Officer for her employer, Greenfree, Inc. Carissa is a highly paid employee and valued for her expertise. Greenfree has a life insurance policy on Carissa for $1 million.
Greenfree pays $200 per month for the life insurance premiums and Greenfree is the beneficiary if Carissa dies. Can Greenfree deduct the premiums paid?
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Greenfree cannot deduct the life insurance premiums ...View the full answer
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