Category: Uncategorized

Year-End Reminder – FSAs

Categories: Uncategorized

It is easy to forget to spend remaining funds in Flexible Spending Accounts (FSAs) before January 1, 2017. By failing to observe the “use-it-or-lose-it rule,” money could be forfeited if there is money left over in your accounts, unless a special provision applies.

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Fringe Benefits – Partnerships and LLCs

Categories: Uncategorized

A special set of federal income tax rules applies to fringe benefits provided by a partnership to its partners in exchange for their services to the business. The same set of rules also applies to multi-member LLCs because they are treated as partnerships for federal tax purposes. 

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