Having to leave your home for a stay in an assisted living facility or nursing home can be a painful experience. To add to the pain are the related astronomical bills you’ll have to pay. Consider these facts… The median cost in 2018 for a year in an assisted living facility was $48,000 and over $100,000 for nursing home care. To soften the financial blow, you can take … [Read more...]
Medical (for 105 plans see Section 105 medical plan)
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No FICA On Health Insurance for the More-Than-2% Shareholder-Employee
No FICA On Health Insurance for the More-Than-2% Shareholder-Employee Are you running an S corporation? Then you need to know the answer to this important question… How should your S corporation treat the more-than-2% shareholder-employee for Social Security, Medicare, and federal unemployment taxes? You’ll learn how we answer this question and many others when you read … [Read more...]
Free: “Your Guide to Overlooked Medical Deductions”
Don’t miss all the valuable medical deductions you’re entitled to!Important money-saving information is yours with a click… Download your FREE copy of “Your Guide ToOverlooked Medical Deductions" This comprehensive guide from Bradford Tax Institutenormally sells for $79… but it’s yours FREE if you act now! Dear Business Owner: We both know it … medical expenses … [Read more...]
Don’t Make This S Corporation Health-Insurance Deduction Mistake
Do you own more than 2-percent of your S corporation? Then be sure to follow the special IRS rules that allow you to deduct your health-insurance premiums. These rules are particularly important if your S corporation employs your parents and/or non-dependent children who don’t own any stock in your corporation. And be aware: If you handle things the wrong way, your … [Read more...]
How to Reimburse Medicare When You Have Fewer than 20 employees
Do you structure your business as a sole-proprietor, partnership, S or C corporation? Do you have fewer than twenty employees? Then our new article makes “must” reading. Why? Because we’ll explain how new IRS regulations allow you to reimburse Medicare parts B and D to your Medicare-covered employees. If you want to learn how to comply with the law and avoid painful … [Read more...]