2% or more shareholders of an S-corporation (and family members) are not treated as an employee when it comes to most benefits. Please see the table below for benefits that are taxable and for benefits that are tax-free to a 2% or more shareholder (and family members) of an S-corporation:
BHT&D Certified Public Accountants Blog
Special Wage And Benefit Reporting For 2%+ Shareholders Of S-Corporations.
Posted by
Lori Shepard on Mon, Dec 17, 2018 @ 07:00 AM
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Tags: Business Tax, Taxable Benefits