An S corporation is not treated as a corporate taxpayer with respect to which one of the following fringe benefits?

Question

Quizplus · Accepted Answer

S corporations are not treated as corporate taxpayers with respect to group term life insurance premiums. This means that the premiums are not deductible as an expense for the S corporation, but instead are included in the employee's income as taxable compensation. However, S corporations can still provide group term life insurance coverage to their employees.

An S Corporation Is Not Treated as a Corporate Taxpayer