Master
System Provides Split Dollar Alternatives
Based on the
recent IRS Notice 2002-8 (which revokes 2001-10), AFS has developed
functionality that deals with the proposed regulations for an alternative
to the traditional Collateral Assignment Split Dollar (CASD)/Equity
Split Dollar case design. Until the law is clarified, we are preserving
all the familiar modeling options, including various taxation models,
so that alternatives can easily be compared.
The new functionality
provides users with a viable approach to designing executive benefit
plans that will comply both with current IRS regulations and those
proposed in IRS
Notice 2002-8. AFS will continue to refine system functionality
as the final regulations are published.
Select from
the links below for a brief description of the proposed regulations
and the corresponding system changes that have been made to allow
AFS clients to accommodate these new alternatives.
Interpretations
Economic
Benefit of Life Insurance Coverage
Preexisting
Split Dollar Arrangements
Premium
Loan Arrangement
System Changes
List of the New Columns
New
Valid Entries
New Fields
Valid Entry
Rewording
Rename of Fields
Sample Illustrations
Master
System Split
Dollar Illustrations
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