Can my S corporation pay for my personal whole life insurance policy as a business expense, and what are the current tax implications under IRS rules?
Download run
Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Can my S corporation pay for my personal whole life insurance policy as a business expense, and what are the current tax implications under IRS rules?
3 real searches · 1 real-search pass
IRS S corporation more than 2 percent shareholder life insurance premiums nondeductible IRC 264 employer owned life insurance 101(j) 2026Google ↗
OBSERVED
IRS Publication 15-B life insurance premiums S corporation shareholder employee more than 2% shareholderGoogle ↗
OBSERVED
IRS Form 1120-S instructions life insurance premiums beneficiary corporation shareholder employeeGoogle ↗
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 3 queries…
Searches and sources
ChatGPT3 real searches · gpt-6
IRS S corporation more than 2 percent shareholder life insurance premiums nondeductible IRC 264 employer owned life insurance 101(j) 2026 Google ↗
IRS Publication 15-B life insurance premiums S corporation shareholder employee more than 2% shareholder Google ↗
IRS Form 1120-S instructions life insurance premiums beneficiary corporation shareholder employee Google ↗
- Internal Revenue Bulletin: 2019-16 · irs.gov
- 26 U.S. Code § 264 - Certain amounts paid in connection with insurance contracts | U.S. Code | US Law · law.cornell.edu
- 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
- U.S.C. Title 26 · govinfo.gov
- Publication 15-B (2026), Employer’s Tax Guide to Fringe Benefits · irs.gov
- Instructions for Form 1120-S (2025) · irs.gov
- S corporation compensation and medical insurance issues · irs.gov
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS S corporation more than 2 percent shareholder life insurance premiums nondeductible IRC 264 employer owned life insurance 101(j) 2026 OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS Publication 15-B life insurance premiums S corporation shareholder employee more than 2% shareholder OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS Form 1120-S instructions life insurance premiums beneficiary corporation shareholder employee OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |