For 2014 and 2015, IRS Notice 2015-17 allowed S corporations to escape the $100-a-day penalties on select corporate payments and reimbursements of health insurance for owners with a more than 2 percent ownership interest.

We have no news from the IRS about what it’s going to do to S corporation owners in 2016.

That’s good.

In this article, we give you the ins and outs of what you need to do in 2016 with your S corporation to ensure your health insurance deductions and also avoid the $100-a-day penalties for violating the rules of the Affordable Care Act. ... Log in to view full article.