Question

My S corporation just made its first payments on our new health savings account (HSA).

Since I am an employee of the S corporation, I assume that the S corporation deducts the payment on my behalf just as it deducts the payments on behalf of the other employees. Am I correct? (A.A., Petaluma, Calif.)

Answer

No, you are incorrect. Don’t assume. You know what they say about “assuming.”

Payments on Behalf of Employees Other Than You

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