IRS 132 Compliance Assessment

If you have an executive protection program, you should know about IRS Code 132.

Compliance with Code 132 can help protect your organization and executives from excessive tax liability related to protective security costs.

This service helps your corporation to reduce your vulnerability and off-set the costs of a personal protection program. According to the Treas. Reg. § 1.132 5(m)(2)(i) “if a bonafide business-oriented security concern exists, a company may exclude certain expenditures related to an employee.”

This stipulation only exists if the facts and circumstances establish a specific basis for concern regarding the safety of an employee and that an “overall security program” has been provided with respect to the employee involved.

Coursen Security Group is routinely retained by corporations and family offices to help assess if the current security program is in compliance with the IRS 132 requirements, and if not, to advise on how they could bring their program into alignment.