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Can S-Corporation fund more than 2% shareholder HSA account…

Can S-Corporation fund more than...
Can S-Corporation fund more than 2% shareholder HSA account for her high deductible health insurance?
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12/12/2017
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,011
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Yes,

BUT

When the S corporation makes HSA contributions on behalf of its more than 2 percent shareholder-employee

1. The S corporation treats the contributions as W-2 compensation to the shareholder-employee.

2. The shareholder-employee has a deductible HSA on his or her personal tax return.

Please let me know if I can assist you further.

My goal is to provide you with excellent service. Please take a moment to rate my answer with a 5-star rating to let me know that I have achieved my goal.

Thank you and best regards,

Barb

Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,011
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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