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https://www.upcounsel.com/c-corporation-shareholder-health-insurance
Knowing about c corporation shareholder health insurance is an important part of running a successful corporation. Since a corporation is not considered a pass-through entity, the owners are completely separate from the company in terms of taxes. This not does mean that a c corporation can claim tax exemption, but instead means that the ...
https://www.upcounsel.com/c-corporation-health-insurance-deduction
C corporation health insurance deductions can be taken for health plan premiums paid for shareholders, employees, and their families. ... However, in the case of Group Term Life Insurance (if the plan is non-discriminatory) only up to $50,000 can currently be deducted by the company and be considered non-taxable income for the employee ...
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://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://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.avvo.com/legal-answers/is-health-insurance-for-a-c-corp-owner-tax-deducti-1443477.html
Yes, the "C" corporation can deduct the health insurance costs if the owner is the only employee. See Internal Revenue Code Section 105(h) for the nondiscrimination rules. The corporation must pay FICA, FUTA and SDI for the owner's compensation as an employee.
https://www.justanswer.com/tax/1kp54-officer-part-owner-corp-pay.html
3,230 satisfied customers. if filing a return married filing separately - as husband. if filing a return married filing separately - as husband pay for a family health insurance plan of $16,038 per yer. Can that be deducted on the husband married filing separate return in its entirety … read more. emc011075.
https://ttlc.intuit.com/community/business-taxes/discussion/does-a-officer-of-a-c-corporation-have-to-report-all-compensation-for-payroll-tax-purposes-or-can-a/00/672234
any stockholder of an S-corp or C-corp can be paid dividends even if they are not employees. there is one caveat. the payments must be in portion to the stock holdings. so if shareholder A holds 100 shares and is paid a dividend of $50 every other shareholder must be paid the same 50 cents per share dividend.
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 ...
http://gedeonlawcpa.com/s-corps-that-discriminate-on-health-insurance-coverage/
Nevertheless, the S corporation owner will qualify for a tax-favored self-employed health insurance deduction on their personal tax return by including the health insurance premiums paid by the corporation as taxable wages. Specifically, the shareholder can now deduct the insurance premiums as an above the line deduction on Line 29 of Form 1040.
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