Medical Expenses Paid For More Than 2 Shareholders at Betty Dean blog

Medical Expenses Paid For More Than 2 Shareholders. Instead of being classified as health insurance in the company’s books, medical premiums should be reported on the shareholder’s w2 as compensation. Health insurance premiums paid by an s corp for more than 2% shareholders must be treated as wages to that owner. Make a journal entry for s corp medical expenses and reconcile the book wage expense with the w3 form to accurately keep track of these costs. S corp shareholder health insurance premiums can be deducted for those shareholders who own more than 2 percent of the s corp.

How to budget for medical expenses
from www.usatoday.com

Instead of being classified as health insurance in the company’s books, medical premiums should be reported on the shareholder’s w2 as compensation. S corp shareholder health insurance premiums can be deducted for those shareholders who own more than 2 percent of the s corp. Make a journal entry for s corp medical expenses and reconcile the book wage expense with the w3 form to accurately keep track of these costs. Health insurance premiums paid by an s corp for more than 2% shareholders must be treated as wages to that owner.

How to budget for medical expenses

Medical Expenses Paid For More Than 2 Shareholders Health insurance premiums paid by an s corp for more than 2% shareholders must be treated as wages to that owner. Make a journal entry for s corp medical expenses and reconcile the book wage expense with the w3 form to accurately keep track of these costs. Instead of being classified as health insurance in the company’s books, medical premiums should be reported on the shareholder’s w2 as compensation. Health insurance premiums paid by an s corp for more than 2% shareholders must be treated as wages to that owner. S corp shareholder health insurance premiums can be deducted for those shareholders who own more than 2 percent of the s corp.

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