When the value of premiums paid by an employer for group life insurance becomes too great, it's treated as income for tax purposes. Imputed income is the term used to describe this excess value, which ...

Learn how imputed income impacts your business and how to calculate the taxes you must pay on it so you stay compliant. Let’s say you paid an employee $60,000 last year and calculated their federal ...

An employee’s salary isn’t the only form of income they receive. Imputed income may be provided to employees who work at your small business. If so, it is important to recognize it to avoid tax ...