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I have a client who received a k-1 from S-Corp and they own
I have a client who received a k-1 from S-Corp and they own 40%. One of the boxes or line items from the K-1 notated fringe benefits paid on behalf of shareholder for health insurance premiums. I know… read more
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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
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Is the health insurance premium paid by an S Corp for a 2%
Is the health insurance premium paid by an S Corp for a 2% shareholder a reduction to his stock basis? The shareholder did all the necessary things. He got a W-2 for the amount of the premium so that … read more
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Where to deduct a rental real estate partners'(Form 8825)
where to deduct a rental real estate partners'(Form 8825) medical insurance premiums? where does one enter real estate rental partners' (Form 8825) medical insurance payments… read more
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My wife and I are are partners in a partnership and we file
My wife and I are are partners in a partnership and we file form 1065. I paid health insurance premiums out of pocket. Can these be deducted on form 1065? If so where does it get deducted?… read more
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Per IRS memorandum #201228037 dated May 1, 2012, UILC 162.07-31,
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I'm the owner of a single-member LLC that has elected to be
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I need some help with the tax deductibility of self-employed
I need some help with the tax deductibility of self-employed health insurance. My understanding is the business income (from Sched. C) has to be greater than or equal to the total amount of the health… read more
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in 2010 schedule se line 3 was combine line 1a,1b and 2 subtract
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on my K-1 for 2011 line 1 ordinary income is $64,715.00 and
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LLC Owners medical insurance premium. Is it deducted on form
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LLC Owners medical insurance premium. Is it deducted on form
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For a self employed person - where in the form 1040 does one
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Hello, I am a self employed Massage Therapist with out health
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Doing some prep work on 2010 taxes. Does the about I enter
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I have recently started a partnership in which I am a 50% owner.
I have recently started a partnership in which I am a 50% owner. My partner and I are paying cobra to our previous employer. Can we pay the cobra premiums directly from our new partnership or must the… read more
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Ralph was paid a salary of $64,600 during 2008 by Odesto, ...
Ralph was paid a salary of $64,600 during 2008 by Odesto, Co. During the year, he started his own business as a CPA and reported a net business income of $48,000 on his income tax return for 2008. Com… read more
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If a sole proprietor, age 63, who has a Solo 401k plan were ...
If a sole proprietor, age 63, who has a Solo 401k plan were to contribute $12,000 of her net self employment income ( 2nd job) of $20,000,would she owe income tax and Fica on only $8,000.00 or on the … read more
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