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Setting up a taxable insurance reimbursement
We are a local government, and as the Employer, we pay for Cancer Insurance for our Sheriff Deputies, through their retirement system. It was determined that any claims paid should be taxable for federal, state, FICA and Medicare, and therefore need to be paid by the retirement system to the Employer, and then given to the Employee through Payroll, where it can be taxed. How would I set this up? Would it be a pretax deduction, and just enter a negative amount? Or is there a better way to create an element for what is essentially a taxable, payable fringe
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