BASE Sets the Standard for New IRS Ruling on S Corp Taxes
Summary
Adel, IA, November 22, 2008 --( BASE® was ahead of the curve on the recent decision to allow an S corp’s shareholders tax breaks for reimbursed health care expenses.Publication 15(b) is the tax document that BASE® referenced to allow their clients to deduct healthcare costs if they were shareholders in an S corp prior to the IRS’s latest ruling.BASE® offers a variety of tax savings plans for small businesses, including the 105 Health Reimbursement Arrangement (HRA) and the 125 Flexible Spending Account (FSA).Contact BASE® to assist you in establishing an HRA today.Publication 15(b) is the tax document that BASE® referenced to allow their clients to deduct healthcare costs if they were shareholders in an S corp prior to the IRS’s latest ruling.About BASE®Established in 1999 and headquartered in Adel, Iowa, BASE® is one of the nation’s leading employee benefit administrators.BASE® offers a variety of tax savings plans for small businesses, including the 105 Health Reimbursement Arrangement (HRA) and the 125 Flexible Spending Account (FSA).