S Corp Year End W/2 Auto and Health Insurance Adjustment

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  • SFBOB
    Senior Member
    • Dec 2006
    • 162

    #1

    S Corp Year End W/2 Auto and Health Insurance Adjustment

    Just a reminder, if you do not do the payroll for your S Corp client. Contact their payroll service and add personal use of company auto subject to FICA. Also add health insuranse premiums not subject to FICA. Increase the taxable wages in box [1] with memo in box [14] From the for what it is worth department on Sunday afternoon.
  • Lion
    Senior Member
    • Jun 2005
    • 4699

    #2
    Thank you

    Thank you. I do have a new S-corp client that has a payroll company. I need to remind them of health premiums and SIMPLE contributions right now.

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    • geekgirldany
      Senior Member
      • Jul 2005
      • 2359

      #3
      Yep I appreciate the reminder too. I have one customer that uses a payroll processor.

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