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Article Date:
July 2010


Word Count:
685

 

 

Tax Tips for S Corporation Employing Owner’s Mom


Having your mom work in your S corporation can be a problem.

 

You are the cause of this problem.

 

Your corporation taints your mom. Here’s how the taint happens and why it needs attention to ensure tax benefits for health insurance.

 

Health Insurance Fringe Benefit Rule

 

For fringe benefit purposes, tax law1

 

·

treats your S corporation as a partnership, and

·

treats a more-than-2-percent shareholder as a partner.

 

Health insurance premiums paid by a partnership to (or for the benefit of) one of its partners are ... Log in to view full article.

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