There’s bad news and good news for S Corporation owners.
The bad news:
The IRS disallows some fringe benefits for employee-spouses
The very good news.
There are still plenty of outstanding fringe benefits you can provide tax free to your employee-spouse.
We’ll tell you all about the goodies waiting for your spouse when you read my new article titled Tax Tips: Fringe Benefits for an Employee-Spouse in an S Corporation.
Three ways our fact-filled article can help you:
- We’ll list the fringe benefits you can’t offer to your employee-spouse. Uncle Sam, in his infinite wisdom, has decided that there are four tax-free fringe benefits that your S corporation cannot provide to your employee-spouse. We’ll tell you what the four prohibited benefits are when you read the full article.
- We’ll tell you the good news about the outstanding fringe benefits you can provide. The fact is, there are ten valuable fringe benefits that you can offer to your employee-spouse tax free! You’ll find all ten listed when you read the full article.
- We’ll explain how to take advantage of “de minimis” fringe benefits. As you can infer from the term “de minimus,” these are minor benefits but you still ought to know about them. We’ll list all seven when you read the full article.