W-2 and S Corp HI

[JG EA]

Would this be a true statement?

The amount of health insurance for single shareholder is added to the W-2 in Box 1 and Box 15, but not Box 3 or 5.

The insurance is not subject to withholding and so the W-2 adjustment can be a year-end adjustment.

Line 1 of the 941 includes the insurance paid, but line 5a/5c does not.

Line 1 of the 940 includes the insurance, it is then included on line 2 as exempt wages.

[DaveO]

That's how I see it. The t/p then takes the deduction on their 1040.

[JG EA]

Thanks

Thank you for the confirmation.

JG