Taxes - 105 Med Reimbursement Plans

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Taxes - 105 Med Reimbursement Plans

Postby thriftycook on Wed Mar 18, 2009 4:09 pm

Anyone ever heard of this?

I'm researching it and it looks very promising and easy to set up.

For those of you who are making enough money that you're paying a lot of taxes.. 20K or more I think you should look into a 105 MRA plan.

Section 105 Internal Revenue Code, revenue ruling 71-588, & letter ruling 9409006...

I'm posting this just to see if anyone else is doing it so we can compare notes... or if you've not heard of it, please read about it and share your interpretation of this.

It seems like it allows the owner or business to hire a family member and end up deducting 100% of medical expenses.... check it out.
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