If you operate your business as an S corporation, you continue to enjoy good news in 2018 when it comes to your health insurance.
And that good news also applies to your 2017 taxes.
You first have to thank the 21st Century Cures Act for:
Reinstating and extending IRS Notice 2015-17 to eliminate the $100-a-day penalty through December 31, 2016—and this gives new life for 2017 and 2018, as we explain
Creating the QSEHRA that can work very well if you have employees in your S corporation
In this article, we give you the ins and outs of what you need to do in 2017 and 2018 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.