Hi members,
I just joined the forum and need some help.
I have an employee in Florida. Since, we don't have an office there, he is WFH and I am reimbursing his healthcare cost. Should I report the monthly payments to IRS as a taxable benefit?
It stipulates on his contract that up to $XXXX will be reimbursed for his healthcare.
Thank you in advance!
I just joined the forum and need some help.
I have an employee in Florida. Since, we don't have an office there, he is WFH and I am reimbursing his healthcare cost. Should I report the monthly payments to IRS as a taxable benefit?
It stipulates on his contract that up to $XXXX will be reimbursed for his healthcare.
Thank you in advance!