Weekly Nonqualified and Business Market News - #5

Audit technique guides are the IRS agent playbook.?

Here are the links to Split Dollar, Nonqualified Deferred Compensation, and Equity plans.??

Exec benefits are an easy audit target, because they’re implemented for the highly compensated.?

Full credit to Millman’s Dominick Pizzano for this article.?

Mega-Roth and Back Door Roth might go away with tax reform.?These two approaches are similar to annuities and well-funded permanent life insurance – so while the specific approach might go away, there still are options.

Life insurance owned by a company is subject to IRC 101j.?Death benefits are taxable unless the company has followed the steps:

1. Always needs notice and consent by the insured
2. Company should file IRS Form 8925 annually, or
3. The insurance fits into an exemption – e.g., life insurance is documented in a buy-sell agreement.

Hit up this post for more details.?Been a law since 2006, and it’s still a very common error.