Tax break for self-employeds.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1994. The length of the article is 661 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: An IRS letter ruling has approved the deduction by a sole proprietor of medical expenses of a spouse-employee as business expenses and the exclusion of the medical benefits as nontaxable fringe benefits to the spouse. The spouse must be a legitimate employee of the business, and IRC section 213(d) regulations define the scope of medical benefits covered. To benefit from this favorable ruling, sole proprietors should make sure that an employment relationship with the spouse is properly documented and that the plan includes all employees in addition to the spouse.

Citation Details
Title: Tax break for self-employeds.
Author: Brian Malthouse
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n12 Page: 750(2)

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