tax

Most S-corp fringe benefits get added back to a 2% shareholder’s W-2, but working condition fringe benefits under IRC Section 132 don’t.

Starting in 2026, your S-corp’s charitable giving passes through subject to a new 0.5% AGI floor for itemizers and a new deduction for non-itemizers — plus a basis trap most owners miss.

OBBBA made the Section 127 educational assistance exclusion permanent for student loan payments. The 2% shareholder rule doesn’t block S-corp owners here — but the 5% owner cap usually does.

OBBBA restored the $20,000-and-200-transaction threshold for Form 1099-K. Here’s what changed, what didn’t, and why your S-corp’s books still need to match.

An S-corp with leftover C-corp earnings and too much passive income faces a 21% entity-level tax under Section 1375 — and three years running can end the S election entirely.

Why S-corp owners can’t deduct a home office directly anymore, and how an accountable plan reimbursement — not a rental arrangement — is the fix that still works.

The IRS raised per diem rates effective October 1, but more-than-10% S-corp owners can’t use the simplest per diem methods for lodging at all.

An outside gym or country club membership is taxable wages for S-corp owners and staff alike. Here’s the narrow on-premises facility rule that actually qualifies for tax-free treatment, and why it holds up even for 2% shareholders.

OBBBA permanently repealed the moving expense reimbursement exclusion right before it was set to return in 2026. Here’s what that means for S-corp payroll.

S-corp owners often assume tax-season deadlines cover health insurance too. The real S-corp health insurance deadline is payroll close in December, governed by IRS Notice 2008-1.

Most fringe benefits are off-limits to a 2% S-corp shareholder, but de minimis fringe benefits aren’t one of them. Here’s what qualifies, what doesn’t, and a 2026 wrinkle to watch.

October 15 only extends your personal tax return — not your IRA, HSA, or your S-corp’s SEP contribution deadline, several of which already closed in September.

S-corp long-term care insurance premiums for 2% shareholders go on the W-2 as taxable wages just like health insurance — but the personal deduction is capped by age under 2026’s Section 213(d)(10) limits, not fully deductible like ordinary health premiums.

Employee achievement awards can be tax-free, but the exclusion doesn’t apply to S-corp shareholders who own more than 2% of the stock. Here’s why, and what to do instead.

The IRS finalized rules for the new personal car loan interest deduction in 2026. Here’s how S-corp owners should weigh buying a vehicle personally against titling it to the company.

A 2% S-corp shareholder can’t exclude employer-provided meals or lodging under Section 119 — the value becomes taxable W-2 wages, and a new 2026 rule limits the corporation’s deduction for feeding everyone else.

Most fringe benefits shut out 2% S-corp shareholders, but dependent care assistance is a statutory exception. Here is how to structure a stand-alone DCAP and the new 2026 $7,500 limit.

Why 2% S-corp shareholders can’t use an HRA or QSEHRA to reimburse their own health costs tax-free, and what to do instead.

Qualified transportation fringe benefits under Section 132(f) don’t apply to more-than-2% S-corp shareholders, who are treated as partners rather than employees for this exclusion.

A step-by-step look at how S-corp owners can request retroactive relief for a late or missed Form 2553 election under Rev. Proc. 2013-30, and when that relief stops being available.

For S-corp owners who are 2% shareholders, disability insurance premiums the company pays are taxable W-2 wages, not a tax-free fringe benefit — but that quirk is exactly what makes the eventual benefit tax-free.

A Section 179 deduction on your K-1 can still get capped on your personal return. Here is how the S-corp-level and shareholder-level taxable income limits work together, and what carries forward when they bite.

The 0.9% Additional Medicare Tax hits S-corp shareholder wages above set thresholds, but never touches distributions. Here’s how it’s calculated, withheld, and reconciled.

Closing an S-corp requires a specific filing order: Form 966, the final 1120-S and K-1, liquidating-distribution gain rules, and a state dissolution filing. Here’s how it works and where owners lose deductions.

S-corp adoption assistance is tax-free for employees up to $17,670 in 2026, but not for 2% shareholders, who must treat it as taxable wages.