Announcement

Collapse
No announcement yet.

Partnerships & "Employee" Benefits

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Partnerships & "Employee" Benefits

    LLC, two member H&W, taxed as a partnership. Can partnership contribute to HSA? Have gone through this with employees and have just confirmed a SMLLC and how it works, but what about a partnership? Does partnership contribute to HSA and then include on K-1s? Then partners deduct on 1040? Or...? Thanks for all direction. It looks like it's a distribution from partnership to employees. Appreciate any details.

    And, SIMPLE Plan with partners/partnership. I dealt with one with an S-Corp and Employees. Not sure I understand how it flows for an LLC taxed as a partnership with no employees but H&W members.

    Of course, they need to go on extension so I don't even have their info or profitability. But, HSA contributions need to be made by 15 April. What's the deadline for SIMPLE contributions? I know SEP is 15 October. Thanks for pointing me in the right direction. Hate to sound so sleep-deprived when talking to clients, but I am sleep-deprived.
Working...
X