Below is information about S CORPORATION OFFICER HEALTH INSURANCE ON W2 from a variety of sources. Please take a look at the materials that our team has selected for you.
https://its-taxes.com/w-2-reporting-for-health-insurance-paid-on-behalf-of-s-corporation-shareholders/
https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical-insurance-issues
Health and accident insurance premiums paid on behalf of a greater than 2-percent S corporation shareholder-employee are deductible by the S corporation and reportable as wages on the shareholder-employee's Form W-2, subject to income tax withholding.
https://wm-cpa.com/accounting-insight/reminder-for-s-corps-report-health-insurance-premiums-on-a-w-2-for-2-shareholder-employee/
If your Company is an S-Corporation, the following guidelines should be followed to report on Form W-2 the cost of medical insurance premiums paid on behalf of 2% shareholder-employees: The health insurance premiums are additional wages reportable in Box 1 (Wages) of Form W-2 and are subject to Federal income tax withholding.
https://proconnect.intuit.com/community/form-1065/help/entering-s-corporation-officer-health-insurance-not-reported-on/00/205702
Intuit ProConnect doesn't have a specific input field for Officer health insurance that wasn't reported on a W-2 in the S-Corporate module, as it could be handled two different ways. Enter as a deduction on the Form 1120S, page 1, on either line 8 or line 9
https://support.businessasap.com/article/261-s-corporation-officer-health-insurance
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 on your W-2.
https://proconnect.intuit.com/community/form-1065/help/entering-s-corporation-officer-health-insurance-not-report-on-w/00/4022
Lacerte does not have a specific input field for Officer Health Insurance not reported on a W-2 as it could be handled two different ways. Enter as a deduction on the Form 1120S, page 1, on either line 8 or line 9 Enter the Officer health insurance on Form 1120S line 18 for Officers owning 2% or less of the corporation's stock: Was this helpful?
https://cyclinghikes.com/how-to-add-s-corp-health-insurance-on-w2/
When you view the W-2 Summary Report or download the actual W-2 form, the year-to-date S Corp Health contributions will be added to the total in Box 1 for federal taxable wages, Box 16 for state taxable wages, and Box 14, with the label “SEHI” for Shareholder Employee Health Insurance. Where does S corp health insurance go on W2?
https://www.clrvw.com/s-corp-w2-medical-benefits/
When the S corporation pays health and accident insurance premiums on behalf of an individual who is a greater than 2-percent S corporation shareholder-employee, those are deductible by the corporation. They are also reportable as wages on the shareholder-employee’s W2 and are subject to income tax withholding.
https://www.fool.com/the-blueprint/s-corp-health-insurance/
S Corp shareholders of 2% or more include their company-paid health insurance premiums in box one on Form W-2. Source: irs.gov. 4. Deduct employee insurance premiums on your business tax return S...
https://www.irs.gov/affordable-care-act/form-w-2-reporting-of-employer-sponsored-health-coverage
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