Co.'s Principal Payment Ruled Deductible As Asset Reduction
By Eli Flesch · November 8, 2019, 5:46 PM EST
A company's cash payment of principal pursuant to the terms of an insurance plan is deductible only if it satisfies an objective outlay-of-assets test, the Internal Revenue Service said in a...
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login