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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
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Bachelor's Degree
14,896 satisfied customers
Thank you for taking my question. How do I report an
Hi,Thank you for taking my question. How do I report an shareholder health insurance premium that was paid by the S corp?From reading the IRS website I was able to determine that the premium amount is… read more
Mark Taylor
Mark Taylor
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Masters
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I am the only shareholder of an s corporation. My wife works
I am the only shareholder of an s corporation. My wife works in the business as an employee. We have 2 other employees in the business. We have a health insurance plan (for myself, my wife and childre… read more
LEV
LEV
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Sorry so ignorant but I am new in this country and
sorry for being so ignorant but I am new in this country and still learning… I am filling the (late!)Income return form 1040EZ for single household. The entire last year I had a single source of incom… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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
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Bachelor's Degree
14,896 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
Retired
Bachelor's Degree
14,896 satisfied customers
I own an S-Corp. There are 2 equal share holders (50/50) and
I own an S-Corp. There are 2 equal share holders (50/50) and both are employees of the company. The company paid the cost of the privately held health insurance held by each individual last year. Plea… read more
LEV
LEV
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Bachelor's Degree
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1. I am preparing 2014 W2 Shareholder S Corp to include
1. I am preparing 2014 W2 Shareholder S Corp to include health ins in Box 1 and not in Box 5 Medicare wages which is how I filed the Form 941s. Is this acceptable per the new Health Care S Corp rules?… read more
NPVAdvisor
NPVAdvisor
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Master's Degree
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im working on w-2s and my wags, tips or not the true employee
im working on w-2s and my wags, tips or not the true employee wages because of Aflac we have after tax Aflac and pre tax Aflac where on my w-2 do I put the amount of Aflac also do I override my wages … read more
Robin D.
Robin D.
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Hi Robin, How are you? ... can you tell me the rules for
Hi Robin, How are you? ... can you tell me the rules for deducting self-employed health ins premiums for two S Corp officers (husband and wife) one actually has less salary than health premiums, both … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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business payroll tax - form 941 line # XXXXX? What figures are
business payroll tax - form 941 line # XXXXX? What figures are entered at this line, would it be the gross payroll for the quarter or an adjusted gross figure that would be gross that is adjusted by t… read more
Stephanie B.
Stephanie B.
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I own an S-corporation. Are my auto fringe benefits and company-paid
I own an S-corporation. Are my auto fringe benefits and company-paid health insurance premiums taxable to me when I file my individual return? They aren't showing up on my W-2. If taxable, do I just p… read more
Phillip Bell, EA
Phillip Bell, EA
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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
USTaxAdvising
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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 own a Sub-S corporation that paid and deducted $2,505 for
I own a Sub-S corporation that paid and deducted $2,505 for my personal health insurance. I understant that I must include this amount on my 1040 tax return but can deduct a portion as a self employed… read more
Merlo
Merlo
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My wifes w-2 2007 wage and tax statement shows 12K
My wife''s w-2 2007 wage and tax statement shows 12K approx in box 1. In box 14, a figure of approx 3500 is shown. I asked the irs if this should be included in taxable income and got a "not sure" res… read more
Marvin,EA
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I was told that my contributions to the health ...
I was told that my contributions to the health insurance was pre tax and is showing on line 14 of my W2. Where does that apply on the actual fax form (1040A)… read more
jgordosea
jgordosea
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How to you input foregin earned income on the 1040 I ...
How to you input foregin earned income on the 1040? I filled out the Form 2555 my wife meets the exculsion so when I put in the -52,100. line 21 I think it subtracts from the wages and I can add my wa… read more
RD
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