Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
On the 1120s under insurance can I the health insurance
Good morningOn the 1120s under insurance can I the health insurance premium , this is the owner and the only w2 officer of the company… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I'm looking for some basic help with the S corporation
I'm looking for some basic help with the S corporation health insurance premium and how to file them correctly. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
As a co-owner of an S-Corp business which provides a group
As a co-owner of an S-Corp business which provides a group plan for both the two owners and all of the employees, I realize that my health insurance is taxed until I file my return in April. My Gross … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
Lane 03 September 2017 11:07 S-corporate 100% owner
Lane03 September 2017 11:07 S-corporate 100% owner incorrectly issued herself 1099-Misc for health insurance premium payments for 2016. what is the best way to correct this situation now? To report am… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,814 satisfied customers
I am doing Corp and Pers returns for a client. Corp paid
I am doing Corp and Pers returns for a client. Corp paid Health Insurance for two employees, one a 98.5 % shareholder and other a 1.5% shareholder. Want to make sure deductions and w-2s are correct. F… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,425 satisfied customers
My question is on self employed health insurance for greater
My question is on self employed health insurance for greater than 2% shareholder's of S Corporations.FACTS: 1.) S Corp is in community property state of Louisiana, therefore 50% ownership to each spou… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
How do medical expenses covered by an S-corp, paid for all
how do medical expenses covered by an S-corp, paid for all employees, flow to the individual for taxation: This is for an LLC, taxed as an S Corp. I deduct medical insurance payments for ALL employees… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
I'm adding health insurance to a greater than 2% shareholder
I'm adding health insurance to a greater than 2% shareholder payroll/w2. They have paid January health insurance in December. Do I include this in the w2 ? Also, when doing the 1040, how does that pre… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,814 satisfied customers
Realtor 2% S-Corp Owner 80k wages from S-Corp 250k other
Realtor 2% S-Corp Owner 80k wages from S-Corp 250k other income from S-Corp 5K other SE income from realtor activities 15K health insurance paid by S-Corp (not deducted by S) How much deduction? Sched… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
I'm the sole owner of an S Corp. In 2013 my business provided
I'm the sole owner of an S Corp. In 2013 my business provided group health, but in 2014 it stopped, and I paid for my own health insurance via the ACA marketplace. I think I may be able to show the pr… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
I'm the owner of a single-member LLC that has elected to be
I'm the owner of a single-member LLC that has elected to be taxed as an S-Corp. I have one employee. In December we started a group health plan to cover both of us. The plan requires that the company … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
2% Shareholder - Company Group Health Insurance We know
2% Shareholder - Company Group Health Insurance We know the portion paid by both employer and employee belongs on line 12 of W-2 Code DD. We also know that the employer paid portion belongs on line 1 … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
Lev, I have an S-Corp that is 50%/50% owned with my wife. The S-Corp received $8500
Lev, I have an S-Corp that is 50%/50% owned with my wife. The S-Corp received $8500 in income and paid out $10,000 in medical insurance premiums single policy covering both of us in addition to paying… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
I have an (S) Corp consultancy, which provides paid family
I have an (S) Corp consultancy, which provides paid family health insurance, including doctor and RX co-pays, and health club as executive benefits. I have heard this is allowed for (C) Corps but not … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
LLC Owners medical insurance premium. Is it deducted on form
LLC Owners medical insurance premium. Is it deducted on form 1040 or 1065. For a s corp owner I include it in wages and then deduct it in form 1040 correct? How is it done for llc owners?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
What is the rule on Medical expense deduction in a S corp for
What is the rule on Medical expense deduction in a S corp for 30% (voting) and 10% (non voting) owners? Thanks… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,877 satisfied customers
My S Corp pays for my health insurance. Im the sole owner
My S Corp pays for my health insurance. I'm the sole owner and only employee. In previous years, when the accountant did my W-2, he itemized this cost in box 14 and included it in box 1, then treated … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
IRS W-2 INSTRUCTIONS FOR BOX 1 SAY TO INCLUDE THE COST OF HEALTH
IRS W-2 INSTRUCTIONS FOR BOX 1 SAY TO INCLUDE THE COST OF HEALTH CARE PREMIUMS FOR 2% OR MORE SHAREHOLDER-EMPLOYEES PAID BY AN S CORP. WE HAVE AN S CORP AND HEALTHCARE IS PAID FOR 100% BY COMPANY. WHE… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x