Health Insurance reimbursement >2% shareholder

[MAER]

We cannot find any definitive answer on how >2% SH of SCorp handles insurance if there is no group sponsored plan. We understand that 2013-54 does not allow insurance premiums to be paid for only certain employees (like owners). Since insurance reimbursement can no longer goes into Box 1 if there is not a specific group plan, but rather now it...

[TAX SURGEON]

Good Evening All


I have a client that has a 1120S pays her self W2 , How does she go about setting ,up health care plan. for her and her 21 daughter that is in college looking for the most economical way. Any advice would be greatly appreciated


Thank You
J. Curley

[appelman]

I am thinking that in my earlier post on this subject I may have been asking the wrong question. Payments by an S-Corp for an owner/officer's medical insurance are reported as wages on the W2, but they are not subject to FICA and Medicare. My new question is: are these amounts considered earned income for the foreign earned income exclusion? I can't...

[appelman]

An owner/officer of an S-corp is permanently stationed abroad and wants to claim the foreign earned income exclusion on his salary. The corporation pays for his medical insurance and adds the payment to his taxable wages. He then reports an adjustment for self-employed medical insurance. I presume this would be considered a deduction directly related...