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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
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Taxpayer's health insurance is purchase thru his employer
taxpayer's health insurance is purchase thru his employer for 5k. Spouse own a s corporation and she has the company pay her health insurance and this amount was report on her W-2 box 14 My question i… read more
emc011075
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My wife has sub chapter S corp cleaning business. Can she
my wife has sub chapter S corp cleaning business. Can she deduct health care expenses for her daughter? Can she deduct dormitory and text books for her daughter? … read more
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My single person S-corp paid for my health insurance
My single person S-corp paid for my health insurance premiums in 2016. Does this get entered on my s-corp 1120S? I think the rules have changed and it's deducible as part of the payroll expenses?… read more
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I have an S-Corp which paid my health insurance premiums, I
I have an S-Corp which paid my health insurance premiums, I am the only employer. My accountant put the total amount for the year in box 14 on my W-2 and i'm pretty sure i'm supposed to then put this … read more
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S-Corp owners Health Insurance. Company pays Life, Cancer,
S-Corp owners Health Insurance. Company pays Life, Cancer, Health, Vision, Critical Illness, and Dental for owners and salary employees 100%. Question, as an S-Corp owner, are all of the coverage allo… read more
Lev
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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
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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
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Bachelor's Degree Equivalent
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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
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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
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Im 100% owner of a Sub S with one additional employee. Business
I'm 100% owner of a Sub S with one additional employee. Business pays for my whole life insurance...beneficiary is not a spouse nor the business. How is this handled on 1120S and on W-2. Is this a ded… read more
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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
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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
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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
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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
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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.
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I have my own company, file taxes as an S-corp, and for the
I have my own company, file taxes as an S-corp, and for the moment have only one employee (myself). I have one accountant file my company return , and another does my personal return. The W-2 issued b… read more
Lev
Lev
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How do you treat S-corp officers health insurance. I think
How do you treat S-corp officers' health insurance. I think you show it as a deduction to the corp, but have to add it to box one on the individual w-2. Right? Can it be deducted anywhere on the 1040?… read more
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