The IRS has limited corporate deductions for payments under golden parachute arrangements; however, these limits do not apply to a closely held corporation.

Which of the following is (are) true regarding retroactive amendments?

George Flint was transferred to Chicago three years ago. When he left Detroit, he sold his home and put some of the money in a new Roth IRA. He and his wife, Wilma, have been renting a home for the past 3 years. Recently, the homeowner decided to sell. George is interested in buying the home. George can make a penalty-free withdrawal from his Roth IRA to help complete the purchase.

An incentive stock option plan is an alternative to a bonus plan.

Which of the following is (are) true?

The owners of MegaStat Corporation have asked for your help in designing a health benefit program for retirees. The owners tell you that they need a plan that has a low initial cash flow, is simple to implement, and has no nondiscrimination requirements to meet. You recommend

Reed Collier works for Database Administration, Inc. He has an informally funded nonqualified deferred compensation plan. Database Administration, Inc. can use life insurance to fund this plan.

Which of the following represents both the age after which an individual may no longer establish a non-rollover traditional IRA and the trigger point for beginning required distributions?

Alice Compton, owner of Fashion Design, wants to offer a retirement plan that will give her employees an incentive to maximize their performance. Alice should consider a

Benefits from health insurance are included in employee taxable income as an in-kind benefit