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S Corporation Compensation and Medical Insurance Issues ...

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical-insurance-issues
    The bottom line is that in order for a shareholder to claim an above-the-line deduction, the health insurance premiums must ultimately be paid by the S corporation and must be reported as taxable compensation in the shareholder's W-2. [1] Information downloaded from: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and …

S Corporation Owner - How To Treat Medical Insurance Premiums

    https://www.gkaplancpa.com/s-corporation-owners-how-to-treat-medical-insurance-premiums/
    Aug 20, 2012 · Health insurance premiums paid by an S Corp for more than 2% shareholders must be treated as wages to that owner. In other words, the only way an S Corp can deduct the amount paid for shareholder health insurance is to include it as part of the shareholder’s salary; the owner’s health insurance can no longer be called an insurance expense or employee benefit expense on the 1120S …Estimated Reading Time: 3 mins

Deducting Health Insurance With an S Corporation Nolo

    https://www.nolo.com/legal-encyclopedia/deducting-health-insurance-with-s-corporation.html
    When you're an S corporation owner with more than 2% of the company stock, you're treated the same as a self-employed person when it comes to deducting health insurance premiums. This is not a business deduction. It is a special personal deduction you take on the first page of your Form 1040 as self-employed health insurance.Estimated Reading Time: 5 mins

How to Deduct Shareholder Health Insurance for S Corporations

    https://amynorthardcpa.com/how-to-deduct-shareholder-health-insurance-for-s-corporations/
    Jan 06, 2020 · No. Unfortunately, even though there are many benefits to owning your own S Corporation, getting tax-free health insurance for yourself is not one of them. If you own more than 2% of your business on any given day of the year and your business pays for your health insurance, then the money paid for your insurance is considered taxable income.Estimated Reading Time: 8 mins

How Does an S Corporation Treat Health Insurance Paid on ...

    https://loecpa.com/how-does-an-s-corporation-treat-health-insurance-paid-on-behalf-of-a-greater-than-2-shareholder/
    The insurance is treated as supplemental wages for withholding purposes. The S corporation receives a deduction for health insurance of greater-than-2% shareholders as compensation/wages on Line 8 or 9 of Form 1120S, depending on whether the shareholder is an officer.Estimated Reading Time: 1 min

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