Sentence examples for deduction for premiums from inspiring English sources

Back home the parent company gets a tax deduction for premiums that really are transfers of assets held in reserve for future payouts.

And, sure enough, business owners who were hooked on the big deduction for premiums paid to their captives are falling for this like a group of street junkies finding a distributor of bad heroin.

A benefit for some — but by no means all — captive arrangements is that the affiliates can take a tax deduction for premiums paid to the captive, thus decreasing their taxable income, while the captive receives that premium income on a very tax-favored basis.

Under current law, people may, in some circumstances, take tax deductions for premiums on insurance covering long-term care.

And when we focus on the benefits -- less expensive premiums, lower deductibles, tax breaks for individuals purchasing health care in both pre-tax Health Savings Accounts and deductions for premiums (instead of giving those tax breaks to employers, as they do now) and expanding the pool of network doctors -- in the long run it will be worth it.

Co. v. Comm'r in which the deductions for premium payments to the captive arrangement are denied and the captive itself must realize the income from the premiums.

In this new deal, your operating business will pay premiums to this offshore insurance company, just like it did to your captive, and take a deduction for those premiums paid.

Under a bill passed by the House in October, people who buy health insurance on their own could take a tax deduction for the premiums they pay.

While a company would get the same tax deduction for paying premiums to a captive as to a regular insurer, the real advantages come to people whose company profits flow through to their personal income tax.

You won't get a tax deduction for your premiums but the money will grow tax free.

For example, she wrote, two taxpayers, one of them the owner of a U.S. taxicab company, admitted they had set up offshore insurance companies in the Cayman Islands, claimed business tax deductions for the "premiums'' paid to those companies, and then used FCIB accounts to get access to the excess premiums, without reporting them as income.