Below is information about HOW IS OFFICERS HEALTH INSURANCE DEDUCTED ON A C CORPORATION from a variety of sources. Please take a look at the materials that our team has selected for you.
https://www.upcounsel.com/c-corporation-health-insurance-deduction#:~:text=Healthcare%20plans%20fall%20under%20the%20category%20of%20a,as%20a%20rule%2C%20tax-deductible%20for%20other%20business%20entities.
https://www.upcounsel.com/c-corporation-health-insurance-deduction
In addition, C corporations can also deduct the costs incurred through a Medical and Dental Reimbursement Plan. This type of plan covers owner and employee healthcare expenses that the insurance plan does not pay for, with the only stipulation being that the plan is not discriminatory, meaning it must be available to employees as well as owners. This provides an excellent added …
https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/can-c-corp-deduct-100-of-group-health-insurance-premiums-for/00/33975
If that is the case, then it *IS* taxable to the officers and shareholders. But in direct answer to the question, yes, it should be deductible to the corporation. But it is quite possible that this situation is taxable to the officers and shareholders and/or is in violation of ERISA rules and/or is against ACA rules.
https://www.upcounsel.com/c-corporation-shareholder-health-insurance
A c corporation can deduct the premiums that are paid by the owner, spouse, and children. In addition to this, they can also establish a Medical Dental and Drug Reimbursement Plan which allows them to pay the additional expense that their insurance plan doesn't cover. This plan cost is deductible to the corporations. How the ACA Affects Coverage
https://ttlc.intuit.com/community/business-taxes/discussion/can-officers-health-insurance-be-expensed-c-corp-has-no-w2-employees-officers-shareholders/00/43755
This is a 2015 'C' Corp return. No 940 or 941s were filed since there were no w2 employees. The officers/shareholders medical insurance payments were made by the corporation. Officers/shareholders compensation was reported on 1099 misc.
https://www.justanswer.com/tax/1kp54-officer-part-owner-corp-pay.html
For C-corporation - health insurance premiums paid for employees and families that qualify as nondiscriminatory are deductible for C-corporation and excludable from gross income for shareholders. It doesn't matter whose name is on the policy and if …
https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical-insurance-issues
Therefore, if the shareholder was the sole employee of the corporation, then the shareholder has to purchase health insurance in the individual’s own name. Notice 2008-1 provided rules by which a 2-percent shareholder would be allowed an above-the-line deduction even if the health insurance policy was purchased in the name of the shareholder ...
https://bradfordtaxinstitute.com/Content/Heath-Insurance-C-Corporation.aspx
Question. I’m a CPA in private practice, and I subscribe to the Bradford Tax Reduction Letter. I found something very interesting in the April 2015 article How to Beat the Absurd New IRS Rule on Taxable Reimbursements of Employee Health Insurance. I have a client who is the sole employee of his C corporation.
https://www.lawofficesofjasonknott.com/s-corporation-health-insurance-deduction-how-does-it-work/
The company deducts the cost of the premiums paid and adds the same amount to the shareholders’ gross federal taxable wages. For example, if the shareholders’ gross salary is $50,000 per year and the cost of the insurance premium is $2,000 per year, the total amount of wages reported to the shareholder in Box 1 on their Form W-2 is $52,000.
https://support.businessasap.com/article/261-s-corporation-officer-health-insurance
S-Corp Officer Health Insurance Deduction FAQs. Health and supplemental insurance premiums paid by an S corporation on behalf of a shareholder may be deductible from an officer's W-2 wages. Prior to your final payroll of the year, please share the total cost of your health and/or accident insurance premiums and HSA amounts with ASAP to report ...
https://amynorthardcpa.com/how-to-deduct-shareholder-health-insurance-for-s-corporations/
The premiums the business paid can be deducted on your Form 1040 (line 29) and as a business expense on Form 1120S. Your health insurance premiums paid by your business are included in your gross wages on your W-2. Example 2: You obtain an accident and health insurance policy in your own name to cover you and your family.
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