johnefarrar
Level 1
12-06-2019
06:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Solved! Go to Solution.
Labels
itonewbie
Level 15
12-06-2019
06:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What "social security health insurance" might you be referring to?
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
Greta
Level 9
12-06-2019
06:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Medicare premiums
itonewbie
Level 15
12-06-2019
06:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just noticed it's not @johnefarrar who responded. @Greta, it's best to leave it to the OP to clarify just to make sure we have the correct set of facts.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
itonewbie
Level 15
12-06-2019
06:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes, so long as your client is a 2-percent shareholder within the meaning of §1372(a), §162(l) allows the same deduction to be taken but the premiums must either be paid directly or reimbursed by the S-corp and the premiums must be included in the shareholder-employee's wages.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
itonewbie
Level 15
12-06-2019
06:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
This assumes it's Medicare premiums you were referring to.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
