When determining net profits on a BI claim should federal and state income tax be considered?
Should the insured be paid his lost net profits and then leave it up to the insured to pay Uncle Sam or should the net claim payment include a deduction for income tax?
Does it make a difference if the insured is a corporation or a single proprietorship?
Income Tax and the BI claim
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Posted - 03/30/2004 : 07:57:28
