Article Date:
March 2016


Word Count:
372

 

 

Q&A: Affordable Care Act


I have two questions:

 

Question 1

 

I have an S corporation with 20 employees. Can the corporation buy an individual insurance policy for the owner and add the cost of those premiums to the owner’s W-2 as taxable income, but exempt that income from FICA and Medicare taxes?

 

I have to buy an individual policy. New Jersey laws won’t allow me to buy a group plan for one person. ... 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