guaranteed Benefit plans under Keyman or Employee Employer insurance

[Harshit Sanghvi]

can we take premium paid as business expenses for guaranteed Benefit plans under Keyman or Employee Employer insurance?

AI Summary

Are Premiums for Keyman Insurance Plans Deductible as Business Expenses for Tax Purposes? Key Tax Treatment Insights A participant inquired whether premiums paid for guaranteed benefit plans under Keyman or Employee Employer insurance can be considered business expenses for income tax purposes. The discussion is centered around the tax treatment of such insurance premiums and whether they qualify as deductible business expenses.