Tax Law Update October 2012

Tax Law Update October 2012

 

• Termination of split-dollar agreements causes recognition of income—In Neff v. Commissioner, T.C. Memo. 2012-244 (Aug. 27, 2012), the Tax Court held that the taxpayers had terminated a split-dollar agreement with their employer, causing them to recognize income in an amount equal to the net premiums formerly paid by their

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