Blog

A qualified long-term care insurance contract

Which of the following commuting arrangements is always tax deductible to the employee?

Under current tax law, a nonrefundable tax credit is available for some lower-income taxpayers who make a contribution to a traditional IRA.

All group insurance programs offered to employees must comply with ERISA reporting and disclosure requirements.

A “stand alone” profit sharing plan-where the employer has no qualified defined benefit or other plan-is often integrated with Social Security.

To receive tax advantages, a dependent care assistance plan must

For a defined contribution plan, annual additions include which of the following?

A qualified plan must satisfy one of either the _____ or the _____.(I)ratio percentage test(II)average benefit test(III)usual, reasonable and customary test(IV)ADL minimum qualification trigger test

As Joe Burton’s financial advisor, you’ve encouraged Joe to see a lawyer to finalize his will and to resolve a legal dispute that has arisen over an easement on a lot that Joe owns. Joe tells you that he has a legal services plan at work that provides up to $1,000 in legal service fees per year. Because Joe is friends with the company accountant, he knows that his employer has a “pay-as-you-go” plan. Joe asks you about the tax consequences of using the legal services plan. You tell Joe

The benefit formula of a DBO plan can be