S corporation owners may remember that (for 2014, 2015, and 2016) the IRS allowed you to avoid the $100-per-day penalties on S corporation reimbursements for individually-purchased health insurance.
But what about 2017 and 2018?
What’s your health-insurance status now?
The good news is that your 2017 and 2018 S corporation health-insurance treatment continues as before. And don’t forget, your S corporation’s health insurance plan can cover you, your spouse, dependents, and children under age 27!
You’ll get the whole story in easy-to-understand language when you read my new article titled Tax Tips: Update: 2018 Health Insurance for S Corporation Owners!
Three ways our fact-filled article can help you:
- We’ll tell you the right way to establish a health insurance plan. It’s actually pretty easy. There are two ways to do this, one of which is right for you. We’ll also explain two additional steps you’ll need to take. You’ll get all the details when you read the full article.
- We’ll point out two traps to watch out for. When you claim the self-employed health-insurance deduction on page one of your Form 1040, be sure to avoid two traps Uncle Sam has set for you. But don’t worry. You can step around them if you know what you’re doing. We do, and we’ll pass our knowledge on to you when you read the full article.
- We’ll also cover a number of other important related issues. For example, you’ll learn how to reimburse your employees (using QSEHRA), how to handle group insurance, the truth about “discrimination, the impact of the premium tax credit, and more. All will be explained fully when you read the full article.