Are Chauffeurs, Home Security Systems and Corporate Jets Taxable Benefits for Executives or Deductible Expenses?
Do you know what it takes to make that determination according to the IRS?
You need to demonstrate to the Internal Revenue Service that a Title 26, CFR-compliant “bona fide business-oriented security concern” exists.
Download the Title 26 FAQ one-pager and get the answers to these questions:
- What does Title 26, Section 1.132-5 actually mean?
- What is needed to meet the requirements?
- What is considered a bona fide business-oriented security concern?