Executive Protection And Secure Transportation Podcast

Exposing Your Client to IRS Audits and Tax Penalties Is Not a Good Career Move

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Sinopsis

The Secure Transportation and Executive Protection News for Wednesday, September 12th, 2018   In Business of Executive Protection News From the International Security Driver Association Exposing Your Client to IRS Audits and Tax Penalties Is Not a Good Career Move If a provider supplies “Secure Transportation” They Must Be In Compliance With The IRS Code That defines Secure Transportation. There are many secure transportation providers that use those two words as a marketing tool, BUT if a supplier does not comply with the IRS code, they expose their client to financial risk. If the Secure Transportation supplied does not meet the IRS Code, the cost of that transportation is considered a perk to the executive. As a perk, the executive will be required to pay tax on the amount of the service. If the executive or their company believe that the service provided is as advertised (Secure Transportation) but, in fact, it does not meet the IRS Code, specifically in the code that defines Security Driver, then the exe