The S corporation owner always gets the short stick when it comes to health insurance. That stick just got a lot shorter and might even disappear for owners who don’t read this article and take action.
First, let’s review why the S corporation is a lousy place for the owner’s health deductions. After this review, we’ll explain how the S corporation got even worse with this latest news from the IRS. Then we’ll list the steps you need to take to fix the problem now.
The Basic Rule
For purposes of fringe benefits, like health insurance, IRC section 1372(a) treats the S corporation ... Log in to view full article.