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Level 1
April 7, 2025
Question

EXECUTIVE BONUS PLAN

  • April 7, 2025
  • 1 reply
  • 3 views

Can an S Corporation deduct an Executive Bonus Plan or Indexed Universal Life (IUL) insurance on Line 17 of Form 1120S? Are there specific IRS guidelines or limitations that apply?"

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1 reply

sjrcpa
Level 15
April 7, 2025

Was the bonus paid?

Who is the beneficiary of the policy?

Who is insured?

The more I know the more I don’t know.