My question concerns the Section 127 educational assistance plan that you discussed in Business Tax Deductions with Section 127 Plan for Child’s College.
If my employee is my grandchild who is under the age of 21, can he or she receive full educational benefits under the Section 127 plan?
I should add that this grandchild is not my dependent but my son’s dependent and that my son is not in my business. Also, I own 100 percent of my business.
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