Insurance Video for Selling Section 79 Benefits

Here's the problem: How can you use tax-deductible earnings from your business or professional practice to fund personal retirement benefits without including all your other employees like you do with a 401(k) pension or profit-sharing plan? Well, if your business is a C corporation or a limited liability company taxed as a C corporation, Or if you can set up a subsidiary C corporation, you can take advantage of Internal Revenue Code Section 79. Code Section 79 sets the rules for employee group insurance benefits, and when combined, will cost to you, the owner-employee, is only the tax on 60 to 70% of the corporate deduction. But because the income you withdraw from the plan during retirement can be 100% tax-exempt, This is an efficient use of corporate tax leverage. And that's because under Section 72(E), the money grows without taxation. And under Section—