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Executive fringe benefits under IRS scrutiny in Detroit
Detroit business writers discuss how executive perks like low-interest company loans, overdrafts, or family travel on company planes affect taxes and legality. Tax experts note exceptions for essential spouses and entertaining clients, while IRS scrutiny grows on free parking and car use as potential taxable income. Banks seek collateral and risk standards, changing the dynamic between corporations and lenders as executives navigate evolving rules.
MENTIONED IN THIS ARTICLE
IRS
Securities and Exchange Commission
Nec Nnl
Florida