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Are health insurance paid by employees subject to income and
are health insurance paid by employees subject to income and fica taxes? this is an s-corp paying employees (I understand the company portion is not subject to FICA) but what about the employees' part… read more
Rick
Rick
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Hoping you can solve this dilemma I am having with my
Hoping you can solve this dilemma I am having with my colleague regarding where to report health ins premiums paid by an S-corp on behalf of thr 100% shareholder's daughter. I understand that the tax … read more
R. Klein, EA
R. Klein, EA
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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
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I'm working on an S-Corp return with 1 owner and about 10
Hey Carter,I'm working on an S-Corp return with 1 owner and about 10 employees. In their p&l there is about a $40K health insurance expense which I believe is 100% of the amount the employer pays for … read more
Carter McBride
Carter McBride
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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
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 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
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
If LLC taxed as S Corp (1) wholly owns another LLC (2) that
If LLC taxed as S Corp (1) wholly owns another LLC (2) that is a disregarded entity, and a 2% shareholder is on (2) payroll, should workers compensation be included in that W-2?Basically, a 2% shareho… read more
Lev
Lev
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Bachelor's Degree Equivalent
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A 2% SHAREHOLDER IN AN S-CORP HAS HEALTH INSURANCE PREMIUM
A 2% SHAREHOLDER IN AN S-CORP HAS HEALTH INSURANCE PREMIUM PAID BY THE CORPORATION. THE PREMIUM IS ADDED TO HIS W-2 WAGE AND HE TAKES A DEDUCTION OF SELF EMPLOYED HEALTH INSURANCE ON HIS RETURN. THE P… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 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
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Bachelor's Degree Equivalent
41,353 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
21,022 satisfied customers
S CORP 50/50 PARTNERSHIP HOW ARE HEALTH INS COSTS EQUALIZED
S CORP 50/50 PARTNERSHIP HOW ARE HEALTH INS COSTS EQUALIZED BETWEEN SINGLE & FAMILY PLAN COSTS? LETS USE $10,000.00 AS THE YEARLY COST DIFERENCE BETWEEN SINGLE & FAM PLAN WHAT ARE THE AVAILABLE OPTION… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,022 satisfied customers
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
Lev
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Bachelor's Degree Equivalent
41,353 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
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Master's Degree
425 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
My husband works for his parents in an S-Corp. The S-Corp
My husband works for his parents in an S-Corp. The S-Corp has a health insurance plan and an HSA plan. The company pays 1/2 the cost of the health insurance and 1/2 the cost of the HSA. My husband pay… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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
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
Retired
Bachelor's Degree Equivalent
41,353 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
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