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I'm a 100% shareholder of an S corporation. My CPA does my
Second opinion] I'm a 100% shareholder of an S corporation. My CPA does my 1120S and issues a K-1 and a W-2 each year. I do my own 1040 using TurboTax. In my 1120S, my CPA deducted on Line 19 my healt… read more
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I have about 5 questions about my S-Corp (I hold all shares
I have about 5 questions about my S-Corp (I hold all shares and am the only employee) that relate to my Health Insurance, HSA, Solo 401K that I would like to ask a CPA. … read more
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I have a small S-Corp business in Baltimore. I have a
I have a small S-Corp business in Baltimore. I have a medical plan for myself, the only employee. The company pays $901 per month for the plan. Is the cost for this plan deductible as an expense? … read more
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S Corp with three employees: husband (sole owner of the S
S Corp with three employees : husband (sole owner of the S corp) , wife, daughter. S corp bought health insurance in S corp name for employees, health insurance will have listed husband (wife as a dep… read more
Lane
Lane
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Doctoral Degree
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Topic: Tax Strategy for Individual switching from Sole
Topic: Tax Strategy for Individual switching from Sole Proprietorship to 1 man S-Corp1. When I was a sole P, I was paying for my own Health Insurance, Long Term Disability, and SEP-IRA. Should I now h… read more
Lane
Lane
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I pay my own health insurance on the marketplace. About $500
I pay my own health insurance on the marketplace. About $500 a month. I have a side business and itemize business expenses associated with it. I also work on a W2 at times during the year as an employ… read more
Dr. Fiona Chen
Dr. Fiona Chen
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How can I deduct health care premiums I paid and the medical
Hello, How can I deduct health care premiums I paid and the medical costs I incurred in 2015 from the taxes. I own small business and I am a full time employee of it. Havent accounted the premium/med … read more
Lane
Lane
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Doctoral Degree
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I see you added a last paragraph question Your last
For Lane I see you added a last paragraph for below question http://www.justanswer.com/finance/9kn24-corp-just-employee-pay-health.html?al=1&utm_source=sys&utm_medium=email&utm_content=viewanswer_bu&u… read more
Lane
Lane
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Doctoral Degree
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I have a s corp and with just me as employee. I pay health
I have a s corp and with just me as employee. I pay health insurance every month. I know the health insurance cant be a business expense. And my cpa says it cant be deducted from personal income taxab… read more
Lane
Lane
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We have an LLC partnership based in Texas. There are three
We have an LLC partnership based in Texas. There are three business partners (25/25/50 ownership percentages). We are about to hire our second employee. He wants an employer-sponsored group health ins… read more
Lev
Lev
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My wife and I are owners, and fully employed by, an S
My wife and I are owners, and fully employed by, an S Corporation that we both own. We also paid, personally, $ 5,808.96 in health insurance premiums in 2015. We want to claim that $ 5,808.96 as the d… read more
Robin D.
Robin D.
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What is the best way S-corp with employee plus spouse to
What is the best way for an S-corp with employee plus spouse to deduct health insurance payments from taxes?I am 100% shareholder of an S-corp. Myself and my spouse are the only employees of my S-corp… read more
Lane
Lane
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Doctoral Degree
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I have S-Corp, incorporated in Texas state. There are only
I have S-Corp, incorporated in Texas state. There are only two employees, my self and my wife. I am the 100% share holder of this S-corp. I have some questions related to S-corp's wage payment to thei… read more
BK-CPA
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We own a S Corp in TN. I would like to know if we can pay
We own a S Corp in TN. I would like to know if we can pay our personal health insurance out of the business and use it as a tax write off? My husband and i are the only ones that have health insurance… read more
Lane
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Doctoral Degree
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we are a small business of three partners. one in MA, NH, and
we are a small business of three partners. one in MA, NH, and FL. we have a MA based group health insurance plan that covers all three of us. there is a FL based plan that would be preferable to the F… read more
Megan C
Megan C
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Hi, Im considering electing to file as an S corp for my LLC.
Hi, I'm considering electing to file as an S corp for my LLC. As I understand it I pay myself a reasonable wage and the rest will be a distribution. I plan to use half of revenue of s corp (about 80K)… read more
Lane
Lane
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Where S-Corp owner health insurance goes on the owners personal
Where S-Corp owner health insurance goes on the owner's personal tax? I am a 50% owner of S-Corp. I have W-2 from my company (prepared by Intuit payroll). In box 14 of W2 I have four entries, one of t… read more
taxmanrog
taxmanrog
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I am a sole owner of S corporation. The company established
I am a sole owner of S corporation. The company established a group health insurance that pays the employee's Premium. I am the only employee and 100% owner. Should the paid premium appear on line 1 o… read more
RD
RD
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Master's Degree
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