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Health Insurance/Medical Expenses for C-Corp

WebGenerally speaking, "a C-corporation enjoys a full deduction for the cost of employees’ (including owner employees’) health insurance, group term life …

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How are Health Insurance Premiums treated by a

WebThe premiums for health insurance paid by a partnership on behalf of a partner, for services as a partner, are treated as guaranteed payments. Per the IRS. "the …

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Are Long Term Health Insurance Premiums deductible

WebLong term care insurance premiums are deductible as a medical expense on schedule A, for itemized deductions, that is assuming you have enough to itemize your …

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self-employed health deduction if spouse has full-time job

Web#1: You can deduct the full cost of health insurance you purchase for yourself, your spouse, and/or your dependents. However, you cannot deduct any …

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C corp paying for health ins premiums

WebC Corp can deduct health insurance premiums for an individual health plan that the employee has procured on his or her own. In either case, employers must …

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What are tax implications of the Health Coverage Tax Credit …

WebThe Trade Adjustment Assistance Health Coverage Improvement Act was passed as part of the American Recovery and Reinvestment Act of 2009. The Health …

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Who is eligible for Health Savings Account

WebThanks for your comment! What are Health Savings Accounts (HSAs)? Actually, the HSA were created by "the Medicare bill signed by President Bush on …

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Medical and Dental Expenses

WebIf you itemize your deductions on Form 1040, Schedule A, you may be able to deduct expenses you paid in 2010 for medical care – including dental – for yourself, your …

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Health Insurance deduction S Corp

WebHealth insurance premiums paid by your S Corp for you, more than 2% shareholder , must be treated as wages to you;the only way your S Corp can deduct the …

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Health Insurance Deduction

WebI was in the personal section of TurboTaxT Home and Business. Its asking if I paid health insurance premiums in 2010. If I say yes it takes me to the business section.

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The Affordable Care Act of 2010

WebDoes your Healthcare Program need a check-up? The Affordable Care Act of 2010 makes some changes to healthcare programs offered by employers. If you …

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Health Savings Account (HSA) Contribution Cutoffs

WebI had a qualifying high-deductible health insurance plan in 2013 and an associated health savings account (HSA) at a bank. Normally, you would have until the …

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LLC Deduct Health Insurance Premium

WebMy husband owns a single-member LLC taking an S-Corp election for taxes. Can he take a deduction for health insurance premiums for self, spouse, & dependent …

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can c corp reimburse health ins.

WebHi, my wife and i own a family farm, c corporation. I am the only full time employee. Under new ACA can the corporation reimburse my health insurance

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S-Corp owners and payroll

WebAs an S-Corp owner I receive a paycheck like the rest of my employees. For each of the following items can someone please help with the correct way to handle these:

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fringe benefit/distributions

Web#1;I recently started working for an s corp. there are two shareholders which each own 50% and work in the company consistently. the company offers health …

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Is Advertising considered a service on a 1099

WebIn most cases you will only need to report advertising as an expense on your business tax return. If you pay any individual, I mean a contractor, more than $600 …

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Misc Non Taxable Comp on W-2

WebLast year my tax preparer noticed something odd on my W-2. There was a line item under section 2 (not box 2) that said "Less Misc. Non Taxable Comp." The …

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