For Group term life what is the taxable benefit for the employer not employee.but EMPLOYER proving the ?

Please help me out, and give me serious answers..

thank you

 

  • mactruck 1:27 pm on August 31, 2010

    I don’t know about the fact it’s taxable being a benefit to anyone except the IRS. Except that maybe the employer doesn’t have to match the tax on the premiums as they have to with wages; that would be the only benefit I can think of.
    When the employer provides the insurance the employee gets taxed on the premiums like if is income and it is added to the total taxable income for the year.

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