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After you file
@Critter-3 thank you for your response. Sorry, but I don't understand what you mean by "Until the amount is forfeited you have paid no taxes on the amount that was free thru the employer plan..." And in regards to the second half of your statement, I'm assuming the limit for the amendment is only up to the $5250, correct? Or would I be able to recoup all the taxes paid, if I have paid the employer back the full >$5250 amount awarded.
Can the working-condition fringe benefit not be used to treat the amount over $5250 as a business expense and therefore not taxable?
‎August 6, 2020
8:05 PM