#1 Tax Issue with S-Corp Owners - Health Insurance Reporting

Rob CPA | Personal Finance & Tax Planning

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In this video, we will discuss the number 1 issue facing S-Corp owners - how to properly report the health insurance premiums they receive from their company in the W2.
Health Insurance Explained / Health Insurance for Self employed / health insurance W2 / Health Insurance Deductible Explained / Accounting / Start-ups / Founders
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Опубликовано:

5 окт 2024

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Комментарии : 5

@michaelmoguel8130 3 года назад

Example: S-Corp with one owner (also the only employee) ... the $10,000 premium is deducted on the S-corp tax return, but that $10,000 premium is reported on box 1 (taxable income) but then that $10,000 premium is deducted on line 16 of Schedule 1? so ultimately it's deducted? oof why does the IRS make it so hard to deduct a premium for s-corp owners

@cjeccher8128 2 года назад

I agree and always asked this. why is it so convoluted

@andylee9973 3 месяца назад

Hi, Can I deduct my health insurance premiums with Cover California from my S Corporation payroll taxes?

@lanexang8127 Год назад

so health insurance for S-corp shareholder not tax deductible ?

@marketbuy 3 года назад

So on box 4 and 6, are the medical and social security withheld based on the $100,000 or 90,000 amount tax withheld when we do our quarterly Form 941? I do my own payroll and was interested to know which amount should we calculate as the withholdings. Thx