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Employer Compensation Expense Program

  • 1.  Employer Compensation Expense Program

    Silver Most Valuable Member
    Posted 15 days ago
    Realizing I am late to the issue, why would an employer opt in to Employer Compensation Expense Program ?

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    Jeffrey Winer
    S&G LLP
    Framingham MA
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  • 2.  RE: Employer Compensation Expense Program

    Posted 14 days ago
    It's a back door way of getting the S&L tax deduction. Employer gets deduction and employee gets credit on their NYS tax return only, I believe.

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    David Racker
    DAVID M. RACKER, CPA
    Huntington NY
    631-271-5733
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  • 3.  RE: Employer Compensation Expense Program

    Posted 14 days ago
    I was wondering that as well. What would be the employer's motivation for occuring the additional tax. Wouldn't it also be considered taxable income to the employee since there is an economic benefit?

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    Bradley Shapiro
    Grossbach Zaino & Associates, CPAS's, PC
    Bellmore NY
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