Employee Benefits Compliance Updates (Benefit Minute)
This issue of the Benefit Minute provides a recap of some recent regulatory activity affecting employee benefits compliance.
Posts in Benefit Minute
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Fringe Benefits for More Than 2% Shareholders of an S Corporation — Benefit Minute
Generally, many fringe benefits provided to employees are excluded from taxable income. However, this favorable tax treatment is not available to an S corp shareholder who owns more than 2% of the stock of the corporation on any day of the corporation’s tax year (referred to as a 2% shareholder). Section 1372 of the Internal […]
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Recent Developments in Employee Benefit Programs (Benefit Minute)
With a Republican controlled Senate and a Democratic controlled House of Representatives, it is unlikely there will be major legislative changes in the next two years. New developments in the employee benefits landscape are now coming primarily through judicial decisions and regulatory action. Below are some benefit areas that have been recently impacted.
