Do you work with business owners on life insurance strategies such as key person, buy-sells, split-dollar, or SERP/deferred compensation? If yes, are you up to speed with the ins and outs of internal revenue code (IRC) section 101(j)?
In place since 2006, IRC is a nasty tap trap hiding in plain sight ready to ensnare unsuspecting business owners. If triggered, 101(j) results in a taxable death benefit — yikes! In this podcast,

Advanced Planning’s David Szeremet covers the basics of 101(j) so you can quickly identify when the trap applies and how you can generally educate business owners so they can avoid it. All in under ten minutes.