Article Date:
July 2014


Word Count:
1027

 

 

How to Escape Payroll Taxes on S Corporation Health Insurance


As long and detailed as the tax code is, you would think there would be simple answers for all basic questions that affect millions of taxpayers.

 

Yet when it comes to whether you as an S corporation owner have to pay payroll taxes on the inclusion of your health insurance premiums in your W-2, the answer is about as clear as tree bark.

 

IRS Publication 15-B, Employer’s Tax Guide to Fringe Benefits, is generous to taxpayers, but its advice is not quite right.1 As you saw in last month’s Tax Reduction Letter, you rely on IRS informal guidance “at your own peril.” When ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee