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Highly compensated persons must include in their income excess reimbursements from a self-insured medical reimbursement...

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Accounting

Highly compensated persons must include in their income excess reimbursements from a self-insured medical reimbursement plan that discriminates in favor of highly compensated persons. These excess reimbursements must be included in the taxpayers income in the tax year in which the plan year ends, regardless of when they are received.

True or False?

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