Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Can an S corporation with two employee have deduct health
Can an S corporation with two employee have deduct health insurance as group insurance. Taxpayer own 100% S corp and she pay herself salary and her boyfriend is another employee. she purchase health i… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,688 satisfied customers
Disability Premiums - An S corp has 3 shareholders/officers
Disability Premiums - An S corp has 3 shareholders/officers all on payroll and two other employees. The company pays 100% of disability premiums for all 5 employees. Do I need to back entire amount of… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,036 satisfied customers
We own a business that is an S-Corp. My husband is on
We own a business that is an S-Corp. My husband is on medicare, but we are paying our health insurance premiums on me, out of pocket. Is it possible for us to have the business pay for my health insur… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,036 satisfied customers
When an S corp pays health insurance the owner, and
When an S corp pays health insurance for just the owner, and does not offer coverage to other employees, can the owner claim an adjustment for health insurance on their 1040?… read more
BK-CPA
BK-CPA
Bachelor's Degree
972 satisfied customers
Our "closely held" C corp provides pre-tax payments of
Our "closely held" C corp provides pre-tax payments of health insurance premiums for its two shareholder/employees. Is that still legal under the ACA?… read more
Jonathan Tierney
Jonathan Tierney
MBA
664 satisfied customers
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
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,036 satisfied customers
Obamacare and how it might effect medical reimbursements. This
Obamacare and how it might effect medical reimbursements. This is for corporations. A client was told, due to Obamacare, the shareholders and officers can no longer have the Medical Reimbursement plan… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,688 satisfied customers
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
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
Health insurance premium and S corporation. My wife and I work
Health insurance premium and S corporation. My wife and I work in an S corp. I am the 100 % shareholder of the S corp. Will it be beneficial for me to buy health insurance from the business or directl… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,152 satisfied customers
I have an S-Corp client who is the only shareholder. She pays
I have an S-Corp client who is the only shareholder. She pays for her own helath insurance but the checks are paid out of her personal account. Is it ok for me to deduct these as healthcare premiums o… read more
winktax
winktax
Enrolled Agent
Master's Degree
346 satisfied customers
I have a client who is a shareholder in an S corp, he has self
I have a client who is a shareholder in an S corp, he has self employed health insurance and is over 65, so he also pays Medicare Part B and his SS...can I add that to page 1 of the 1040 as self emplo… read more
winktax
winktax
Enrolled Agent
Master's Degree
346 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
34,036 satisfied customers
I am trying to set up a client who is a 100% shareholder/owner
I am trying to set up a client who is a 100% shareholder/owner of an S-Corp. She has paid her medical health insurance premiums out of her S-Corp bank account for the entire year for a total of $6372.… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
924 satisfied customers
I own 100% of a sub-s corp. I sponsor a group health plan
I own 100% of a sub-s corp. I sponsor a group health plan and contribute 50% towards the employees coverage. In the past, the company has been contributing 50% towards my coverage, and I've been payro… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Do the family attribution rules prevent the participation of
Do the family attribution rules prevent the participation of a non-stock holding employee of an S Corp, when that employee is a child of a more than 2% stockholder, in either a Medical Expense Reimbur… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have an S corp. Can I put my mother on the payroll (with
I have an S corp. Can I put my mother on the payroll (with an actual job) and pay her long term care insurance through the company as an employee benefit? If so, is the entire premium deductible? And … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Please direct this question to RD. I asked this question a
Please direct this question to RD. I asked this question a few days ago and I am not clear on the answer. How are the premiums of Life insurance on employee shareholders who own more than 2 % of a c c… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
AFLAC---Two owners of (Owners) tell me that their Aflac medical
AFLAC---Two owners of (Owners) tell me that their Aflac medical insurance deduction is tax free from all tax deductions. I have them set up in Intuit as after-tax, Intuit is not taxable Federal and St… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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

4,512 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 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