Is it possible to use company funds to pay the premiums on a universal life policy that builds cash value, and what are the tax implications for my S-corporation?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Is it possible to use company funds to pay the premiums on a universal life policy that builds cash value, and what are the tax implications for my S-corporation?
2 real searches · 1 real-search pass
IRS life insurance premiums deduction section 264 employer owned life insurance 101(j) S corporation shareholder employee more than 2 percent fringe benefitsGoogle ↗
OBSERVED
IRS S corporation life insurance premiums shareholder employee taxable fringe benefits more than 2 percent shareholderGoogle ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 2 queries…
Searches and sources
ChatGPT2 real searches · gpt-6
IRS life insurance premiums deduction section 264 employer owned life insurance 101(j) S corporation shareholder employee more than 2 percent fringe benefits Google ↗
IRS S corporation life insurance premiums shareholder employee taxable fringe benefits more than 2 percent shareholder Google ↗
- S corporation compensation and medical insurance issues · irs.gov
- Publication 15-B (2026), Employer’s Tax Guide to Fringe Benefits · irs.gov
- 26 U.S.C. § 264: Certain amounts paid in connection with insurance contracts · uscode.house.gov
- 26 CFR § 1.264-1 - Premiums on life insurance taken out in a trade or business. | Electronic Code of Federal Regulations (e-CFR) | US Law · law.cornell.edu
- 26 U.S.C. § 101: Certain death benefits · uscode.house.gov
- Form 8925 (Rev. September 2017) · irs.gov
- Internal Revenue Bulletin: 2009-24 · irs.gov
Queries
2 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS life insurance premiums deduction section 264 employer owned life insurance 101(j) S corporation shareholder employee more than 2 percent fringe benefits OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS S corporation life insurance premiums shareholder employee taxable fringe benefits more than 2 percent shareholder OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |