Subchapter S Medical Deductions

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S Corporation Compensation and Medical Insurance Issues

https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical-insurance-issues

A 2-percent shareholder-employee is eligible for an above-the-line deduction in arriving at Adjusted Gross Income (AGI) for amounts paid during the year for medical care premiums if the medical care coverage was established by the S corporation and …

Topic No. 502 Medical and Dental Expenses - IRS tax …

https://www.irs.gov/taxtopics/tc502

Payments of fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists, …

Can an 'S' Corporation Deduct Medical Expenses for …

https://yourbusiness.azcentral.com/can-s-corporation-deduct-medical-expenses-its-only-officer-24789.html

The "S" corporation business structure allows significant latitude concerning the deduction of health insurance costs for the owners/shareholders of the corporation. With an …

S Corporation Owner - How To Treat Medical Insurance …

https://www.gkaplancpa.com/s-corporation-owners-how-to-treat-medical-insurance-premiums/

Health insurance premiums paid by an S Corp for more than 2% shareholders must be treated as wages to that owner. In other words, the only way an S …

1120S - Shareholder Health Insurance (K1, W2) - Drake …

https://kb.drakesoftware.com/Site/Browse/11737/1120S-Shareholder-Health-Insurance

Less than 2% shareholder health insurance premiums are included with the expense for other employees as a deduction by the entity. Shareholder health insurance premiums …

Deduct Medical Expenses in Your S-Corp | ClearPath …

https://myclearpathadvisors.com/corporations/deduct-medical-expenses-in-your-s-corp/

This is an expense to the business which brings down the taxable income for the company. The payroll that is issued is not subject to Social Security and Medicare …

A Beginner's Guide to S Corp Health Insurance - The …

https://www.fool.com/the-ascent/small-business/articles/s-corp-health-insurance/

Your self-employed health insurance deduction cannot exceed your portion of S corp income. Say you own 25% of an S corp, which earned $50,000 last year. You …

Deducting Health Insurance With an S Corporation | Nolo

https://www.nolo.com/legal-encyclopedia/deducting-health-insurance-with-s-corporation.html

Self-employed people are allowed to deduct health insurance premiums (including dental and long-term care coverage) for themselves, their spouses, and their dependents. When …

How S-corp owners can deduct health …

https://www.peoplekeep.com/blog/how-s-corp-owners-can-deduct-health-insurance

If you’re an S-corp owner interested in offering a health stipend because of their more relaxed rules, you might wonder if you can participate. As an S-corp, you can …

6 of the Best Tax Deductions for S-Corps …

http://dennehycpa.com/tax-deductions-s-corps/

Under Section 179, your small business may be able to effectively deduct up to $500,000 of vehicle or equipment purchases each year in the first year the …

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