Tax Reduction Letter

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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 ... Log in to view full article.

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