Here’s good news for S corporation owners…
If you take three steps (that we’ll explain), you can deduct all your health insurance premiums!
If you don’t follow our advice, you can be in for nasty surprise. Zero tax benefits. Zilch.
The bottom line? We’ve got must-read information waiting for you when you read our new article titled Tax Tips: Three Easy Steps to Deducting All Your Health Insurance Premiums as an S Corporation Owner.
Three ways our fact-filled article can help you:
- We’ll explain the three important steps you have to follow. It’s very important for you to know who should pay for your premiums, what needs to be reported on your W-2, and where you deduct insurance costs on your 1040. All will be explained when you read the full article.
- You’ll learn how to provide health insurance benefits to your employees. You don’t have to provide these benefits if you don’t want to, but if you do want to, there are tax advantaged ways to go about it as you’ll learn when you read the full article.
- We’ll tell you when it’s okay to “discriminate.” At the moment, the IRS doesn’t enforce any S corporation discrimination provisions of the Affordable Care Act. This means your S corporation can still legally “discriminate” against non-owner employees without the threat of penalties. We’ll tell you more when you read the full article.