johnefarrar
Level 1
‎12-06-2019
06:05 PM
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Solved! Go to Solution.
1 Solution
Accepted Solutions
itonewbie
Level 15
‎12-06-2019
06:05 PM
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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.
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5 Replies 5
itonewbie
Level 15
‎12-06-2019
06:05 PM
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What "social security health insurance" might you be referring to?
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Greta
Level 7
‎12-06-2019
06:05 PM
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Medicare premiums
itonewbie
Level 15
‎12-06-2019
06:05 PM
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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.
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itonewbie
Level 15
‎12-06-2019
06:05 PM
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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.
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Still an AllStar
Still an AllStar
itonewbie
Level 15
‎12-06-2019
06:05 PM
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This assumes it's Medicare premiums you were referring to.
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