Watch out!
The Affordable Care Act (Obamacare) assesses nasty penalties if your business pays the individual insurance-premiums of your employees. (Under Obamacare, you simply can’t deduct those premiums!)
As an S corporation owner, this could be a big, expensive problem for you. To make matters worse, the IRS hasn’t given definitive guidance on how Obamacare affects S corporations.
But have no fear. In my new article, I’ll explain:
- How you still claim your insurance-premium deductions
- How to avoid costly Obamacare penalties
- Why you need to stay tuned for future guidance from the IRS
The bottom line? Everything will be explained when you read my new article titled Tax Tips: S Corporation Owner’s Path to Health Care under Obamacare.
Three ways our fact-filled article can help you:
- You’ll learn the three steps you need to take to keep your health-insurance deduction. It’s worth checking out my new article for this information alone! You’ll get the whole story when you read the full article.
- We’ll explain what you need to know about payroll taxes. You may have to pay payroll taxes on the amount you include in wages for your insurance premiums. We’ll tell you how to find out if this applies to you when you read the full article.
- We’ll tell you the easiest way to meet Obamacare requirements. All you have to do is provide group health insurance for all of the corporation’s employees, including yourself. But this only works if your S corporation has non-owner employees. You’ll get all the facts when you read the full article.