The 2% Problem: S Corp Fringe Benefits

2 IRS CE/CTEC/NASBA CPE*

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