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- Tuition reimbursement for S-corp owner
Tuition reimbursement for S-corp owner
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LanaDallas
Level 2
10-10-2023
12:15 PM
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Can s-corp (LLC) pay or reimburse the tuition for employee, S-corp shareholder with over 20% ownership and deduct the expenses on tax returns?
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2 Comments 2
IRonMaN
Level 15
10-10-2023
12:56 PM
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It sure doesn’t sound legit, does it? Is the owner getting a fancy new degree to get out of the business he is in or did he take some classes to help run his business better?
Slava Ukraini!
TaxGuyBill
Level 15
10-10-2023
01:18 PM
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Check out the section for "educational assistance programs" in Publication 15b or §127(b)(3).
https://www.irs.gov/publications/p15b#en_US_2023_publink1000193668
https://www.law.cornell.edu/uscode/text/26/127
