Dallas, Tax Preparer, Tax Services, Tax Professional, EA, Tax Return, 1040, 1120, 990
Medical Expense Reimbursement Plan (Section 105)
Corporate America has long recognized that its most important assets are its employees.
Companies have sought to improve working conditions and enhance company benefit programs.
ADVANTAGED basis to both the employer and employee.
BizPlan believes that sole preprietors have the same needs, the same expenses and the same
desire for benefit advantages as large and small corporations.

By simply using BizPlan and employing your spouse under a special class of employment known as
family employment, authorized by the IRS in 1954, you will qualify for TAX DEDUCTIBLE
benefits. Of course, at tax time, your accountant will need to prepare the necessary tax forms and
schedules to include your BizPlan information.

*BizPlan also applies to Partnerships, C Corporations, and Limited Liability Companies.

BizPlan is a system developed within the framework of Revenue Ruling 71-588 to simplify the
compliance and accounting procedures associated with Internal Revenue Code, Section 105. With
BizPlan, the sole proprietor may take advantage of 100% tax deductibility of medical expenses
including:

  • Health Insurance Premiums
  • Uninsured Medical, Dental and Vision Care Expenses
  • Other Deductible Benefits Available:
  • Term Life ($50,000 Max.) & Disability Income Insurance
  • Premiums for employee (spouse)
  • Benefits provided for other employees

BizPlan is not insurance. You may participate in BizPlan without purchasing additional insurance
coverage or changing existing coverage.

With BizPlan you will be able to provide your accountant with an accurate itemization of your
medical, dental and other deductible expenses.


Getting Started

Strategic Tax Group will help you get started by assisting you with your enrollment and answering
any question you may have. Here are the steps you need to take to enroll in BizPlan:

  • Complete an Application
  • Complete an Adoption Agreement
  • Estimate uninsured medical expenses and list eligible premiums
  • Complete the necessary IRS forms (Samples are provided by BizPlan)

At year-end, submit your benefit expenses to BizPlan for verification on an Employee Benefit
Expense Transmittal provided by BizPlan. BizPlan will report back to you a detailed account of your
deductible benefit expenses. At tax preparation time, submit the BizPlan materials to your
accountant or use them to prepare your own return.  Contact Strategic Tax Group for more
information.
4518 Nashwood Ln

(972) 788-1524

info@strategictaxgroup.com
STRATEGIC
T
AX GROUP
Your Tax Professional
STG
Dallas, Tax Preparer, Tax Services, Tax Professional, EA, Tax Return, 1040, 1120, 990