Corporate executives can receive extraordinary fringe benefits that are not provided to other employees. The IRS considers any property or service that an executive receives in addition to regular taxable wages as a fringe benefit that may be subject to taxation. Therefore, a fringe benefit provided in connection with the performance of services, regardless of its form, must be treated as compensation included in income. Whether a particular fringe benefit is taxable depends on if a specific statutory exclusion applies to the benefit.

An Independent Security Study that is conducted by a third-party fulfills IRS statutory requirements as they relate to validating employer-provided transportation for business-oriented security concerns and overall security programs. The Independent Security Study documents employer-provided transportation for security concerns so you can specifically exclude security-related cost and items from the executive’s gross income.