Medical Reimbursement Plan - what does the IRS require?

April 6, 2004 11:26 AM

I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?
posted by dirtylittlemonkey to work & money (3 comments total)

AskLawyer
posted by anathema at 2:01 PM on April 6, 2004

Talk to an accountant.

Seriously. You *don't* want us giving you advice on tax issues.
posted by bshort at 2:33 PM on April 6, 2004

they've got a lot of self help books at the library...hell, at office max.

come to think of it...office max has a TON of legal forms and stuff..they'd prolly be a good resource.
posted by taumeson at 4:19 PM on April 6, 2004