income tax Tag

In Chief Counsel Advice 201547006, the IRS analyzed whether an employer may exclude from an employee's gross income, the payment of premiums for health insurance coverage provided through the group health plan of the employee's spouse.   The IRS concluded that the payments may be excluded,...

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Family-owned businesses offer certain advantages not always available in larger publicly-held businesses. These advantages generally include close contact with upper management, less bureaucracy, built-in trust among officers, board members and shareholders, and the opportunity for hands-on training, mentoring and early exposure of the younger generation...

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