IRS Treatment of Host Family Payments

Location: Edison ABC


A representative from Smith Elliott Kearns & Company, LLC (CPA) will discuss the tax ramifications of payments to host families, both from an organizational and taxpayer perspective.   Participants will learn about IRS regulations and associated reporting requirements.



Presenter: Bill Fritts, Smith Elliot Kearns & Company

Bill has been a Member of the Firm since January 2001, and is a leader of the Accounting Services and Tax Department in the Hagerstown office. He provides accounting and tax services to a wide spectrum of businesses and individuals, as well as valuation services primarily for estates and buy-sell agreements. Bill has been a guest speaker on various tax topics and instructor of various undergraduate and graduate level business classes at Shenandoah University and Shepherd University. In addition, Bill is a member of the firm’s Tax, Practice Development, and Compensation Committees, as well as serves as Managing Member of the firm’s Hagerstown office.