More Guidance for "2%" S Corporation Shareholder-Employees

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dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T03:16:00.000
dc.date.accessioned 2020-06-29T22:55:26Z
dc.date.available 2020-06-29T22:55:26Z
dc.date.embargo 2017-11-15
dc.date.issued 2008-03-21
dc.description.abstract <p>Compared to regularly-taxed or C corporations, S corporations are treated differently and, in general, less advantageously when it comes to employee benefits.1 Employee benefits of any person owning more than two-percent of the stock of as S corporation are treated in the same manner as partners are treated in a partnership.2 That provision applies to the exclusion from income of amounts paid for accident and health plans, the exclusion from income of amounts paid by an employer to an accident and health plan, the exclusion for the cost of group term life insurance up to $50,000 of coverage on an employee’s life and the exclusion from income of meals and lodging furnished for the convenience of the employer.3 These are significant items in many farm and ranch corporations.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol19/iss6/1/
dc.identifier.articleid 1919
dc.identifier.contextkey 11057931
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol19/iss6/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3398
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol19/iss6/1/AgLawDigest_v19n06_01.pdf|||Fri Jan 14 17:50:24 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title More Guidance for "2%" S Corporation Shareholder-Employees
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 3a901fc0-23c3-49ce-b1d2-ebb69362ded0
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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