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What is the correct accounting entry for split dollar insurance transactions?

April 26, 2017Accounting dollar Insurance Split transactions

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What is the correct accounting entry for split dollar insurance transactions?

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Please help. What is the correct periodic entry for split dollar insurance? As an example, a company pays a $10,000 premium and the individual receives a W-2 (1099) for $2,000, to pay taxes on the economic benefit received. How should the company enter this transaction, including the receivable, on its books? Thanks!