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On the 1120s under insurance can I the health insurance
Good morningOn the 1120s under insurance can I the health insurance premium , this is the owner and the only w2 officer of the company… read more
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Lev, For a 100 percent shareholder of S corporation with no
Good afternoon Lev, For a 100 percent shareholder of S corporation with no other employees in the corp, could he write in the minutes, that he decides as the corporate main officer that the corporatio… read more
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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'm adding health insurance to a greater than 2% shareholder
I'm adding health insurance to a greater than 2% shareholder payroll/w2. They have paid January health insurance in December. Do I include this in the w2 ? Also, when doing the 1040, how does that pre… read more
Lane
Lane
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Where is the best place to report > 2% S Corp owner health
Where is the best place to report > 2% S Corp owner health insurance premiums these days? It was not in his W2 (100% owner). He has Sch C income as well but the premiums were paid by the S-corp. He… read more
Lane
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Tax question: taxpayer is a 50% owner of an s corporation he
tax question: taxpayer is a 50% owner of an s corporation he pays his own health insurance out of his own pocket and is not reimbursed by the s corp there is no inclusion therefore on his w-2 since th… read more
emc011075
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Where on the W2 are Health Insurance premiums reported
Customer: ***** *****. Where on the W2 are Health Insurance premiums reported for a greater than 2% owner of an S Corp? … read more
Lev
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Realtor 2% S-Corp Owner 80k wages from S-Corp 250k other
Realtor 2% S-Corp Owner 80k wages from S-Corp 250k other income from S-Corp 5K other SE income from realtor activities 15K health insurance paid by S-Corp (not deducted by S) How much deduction? Sched… read more
Lev
Lev
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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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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
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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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RE: HSA Can a >2% Shareholder whose health insurance premiums
RE: HSA Can a >2% Shareholder whose health insurance premiums are in Box 1 W2 also open an HSA and have the contribution be included in Box 1 W2 since the company will pay? Would it be advised that… read more
Lev
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How do I report medical insurance premiums paid by a Sub S
How do I report medical insurance premiums paid by a Sub S Corp for a >2% shareholder if they did not receive any salary or paychecks in that year? I know it's supposed to go on a W-2 but how if th… 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
Lev
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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
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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
Lev
Lev
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can an S corporation pay for medicine and medical insurance
can an S corporation pay for medicine and medical insurance without including this payment as part of the employees taxable wage… read more
Lev
Lev
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