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Article Date:
March 2013


Word Count:
267

 

 

Clarifying Flow Chart for S Corporation Health Insurance


Step 1

 

Read the flow chart below.

 

 

Step 2

 

Review this. Here’s what’s happening:

 

First, the S corporation pays for the health insurance either directly or by reimbursing you, the owner-employee.

 

Second, the S corporation either

 

·

discriminates in its coverage of employees, in which case the cost of health insurance shows on your W-2 as a wage subject to FICA and Medicare taxes, or

·

does not discriminate in its health insurance coverage of employees, and thus your W-2 wage for the cost of your insurance ... Log in to view full article.

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