The 2% Problem: S Corp Fringe Benefits
Fringe benefits for more-than 2% shareholders of S corporations can be a challenge for tax professionals because the federal tax treatment may be different from the rules for their rank-and-file employees. Mistakes in benefit classification, payroll reporting, shareholder compensation, or corporate deductibility can create compliance issues for both the S-corporation and shareholder. This course will be a practical overview of the federal tax rules and reporting considerations that when S corporations provide fringe benefits to shareholders who own more than 2% of the corporation.
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*Self-Study recording available for IRS CE Credit only (NO CPE)
NASBA Field of Study: Taxes
IRS Program #: 7Q3WU-T-00969-26
CTEC Course #: 6248-CE-00313
Larry Pon
,
CPA/PFS, CFP, EA, USTCP, AEP
Larry has been a tax professional since 1986 with a tax planning, preparation, and representation practice in Redwood Shores, CA. Larry enjoys speaking about tax to tax and financial planning professionals. Larry received his BS in Business Administration with emphases in Accounting and Finance from UC Berkeley and MS in Taxation from Golden Gate University.
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