The Affordable Care Act (Obamacare) throws a wrench in the works by adding penalties for businesses that pay the individual insurance premiums of their employees.
As an S corporation owner, you may find this to be a potentially big problem for your S corporation.
Here’s another problem: the IRS has not given definitive guidance on how Obamacare affects S corporations; therefore, we have to rely on the logic of the tax code to escape those penalties.
That’s what this article is all about.
Here’s what you will learn. You will see the process broken down, step by step, explaining how you get your deductions, why you are safe from the Obamacare penalties, and why you need to stay tuned for future guidance from the IRS.
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