Article Date:
July 2008

Word Count:



Parts of Sloppy 105 Plan Survive

When it comes to your taxes and net worth, paying attention pays off. If you operate your business as a proprietorship and your only employee is your spouse, you really need to pay attention if you want the tax benefits of the Section 105 medical reimbursement plan.


To have such a plan, you must prove that your employee-spouse is a bona fide employee. How do you do that?


Randall G. Knowles employed his wife Sheryl in his insurance sales business. Mr. and Mrs. Knowles signed both an employment contract and a medical reimbursement agreement. A few years ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee