Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I purchased group Health insurance. I am an S corporation.
I purchased group Health insurance. I am an S corporation. My husband and I are officer of the corporation. Can I Deduct the entire premium as an expense for my husband and myself? We are considered e… read more
Marcia Mitrano
Marcia Mitrano
MBA
129 satisfied customers
Like S corporation, do we need to add health insurance
Like S corporation, do we need to add health insurance premiums paid by the company to the 2% or more shareholder of a C corporation?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,973 satisfied customers
S corp (parents are shareholders 50% each). parents have 2
S corp (parents are shareholders 50% each). parents have 2 kids that work in company and other employees. Group health ins is set up under the company. For purpose of health insurance deduction for sh… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,973 satisfied customers
S Corp shareholder's health insurance deduction question:
S Corp shareholder's health insurance deduction question:S-corp shareholder has more than 2% ownership with multiple employees in the company. The company offers group health insurance. The company pa… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,514 satisfied customers
I am new to small business and in process of setting up my
Hi, I am new to small business and in process of setting up my payroll software; how I set up a medical insurance deductions. I am filing as an S corp and I am a shareholder more than 2% participation… read more
JohnM528
JohnM528
CPA
Masters of Accountancy
95 satisfied customers
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
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I have a client who is an electrician. The used to be taxed
For LaneHi Lane,I have a client who is an electrician. The used to be taxed as an LLC (sole member) For 2018 he elected to be taxes as an S-Corp and all of the proper paper work has been filed. He pai… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,973 satisfied customers
I am doing Corp and Pers returns for a client. Corp paid
I am doing Corp and Pers returns for a client. Corp paid Health Insurance for two employees, one a 98.5 % shareholder and other a 1.5% shareholder. Want to make sure deductions and w-2s are correct. F… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
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
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,322 satisfied customers
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
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,322 satisfied customers
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
JD, MBA, CFP, CRPS
Doctoral Degree
20,973 satisfied customers
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
Lev
Retired
Bachelor's Degree Equivalent
41,322 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 Equivalent
41,322 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
Retired
Bachelor's Degree Equivalent
41,322 satisfied customers
Lev, I have an S-Corp that is 50%/50% owned with my wife. The S-Corp received $8500
Lev, I have an S-Corp that is 50%/50% owned with my wife. The S-Corp received $8500 in income and paid out $10,000 in medical insurance premiums single policy covering both of us in addition to paying… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,322 satisfied customers
How are fringe benefits (health insurance premiums) paid by
How are fringe benefits (health insurance premiums) paid by S corp on behalf of a 2%+ shareholder (sole shareholder) handled? Added to wages on W-2 line 1 but what about Form 941??FUTA Tax?? Gigi… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
798 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
Retired
Bachelor's Degree Equivalent
41,322 satisfied customers
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
USTaxAdvising
Partner
Bachelor's Degree
1,099 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

6,039 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

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

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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