Travel Risk Management & Secure Transportation Consulting – IRS 132.5 Assessments
According to the IRS, if a security concern exists which is found to be business related, that company may exclude certain expenditures related to an at-risk employee.
IRS 132.5 – Fringe Benefits: Corporate executives and high net-worth individuals within a recognized corporate structure often receive extraordinary fringe benefits not provided to other employees of that same company which are subject to taxes. The Internal Revenue Code was amended in 1964 to include the term “fringe benefits” in the definition of gross income which must be treated as compensation to be included as income under section 61 unless there is a specific statutory exclusion that applies to the benefit.
This benefit applies to Executive Security programs if an overall security program will be deemed to exist in situations where the employer conducts and implements an “independent security study” with respect to the at-risk employee.
As an independent party review, the PSA provided by LaSorsa and Associates will list realistic recommendations based on best industry practices, leveraging decades of experience and a proven methodology based on US Secret Service doctrine.
Our Methodology for IRS 132.5 Assessments includes:
- Estate Security & Executive Suite Security
- Ground and Air Transportation
- Special Risk Insurance & Preparedness
- On-Going Threat Analysis
Initial consultations are always free.
Contact us now for a discreet and personal consultation.