C Corp Health Insurance

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • cpadan
    Senior Member
    • Feb 2006
    • 123
    #1

    C Corp Health Insurance

    My understanding is that Health Insurance paid for stockholder / employee's is deductible by C Corp and exempt for s/h. Can someone agree or disagree?
    Thanks for your comments
    Dan
    Tags: None
    • OldJack
      Banned
      • Dec 2005
      • 1689
      #2
      If it is a proper C Corp health plan through a 3rd party insurance company it is deductible by the corporation and not taxable to the employee that happens to be a shareholder.

        Comment

        • cpadan
          Senior Member
          • Feb 2006
          • 123
          #3
          Thanks

          This is a new client and the deduction had not been taken before. I've been working with S corps and sole prop'ships. Glad to have a second opinion before I begin amending previous returns.
          Thanks
          Dan

            Comment

            Previous template Next

            Disclaimer

            Collapse

            This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

            Working...