Save big on S corporation health care coverage

I’ve got some bad news and some good news…

The bad news: Tax law makes it hard for owners of S corporations to win deductions for their health insurance.

The good news: If you know what you’re doing, your S corporation can structure its health care coverage so that you get to keep more money in your pocket.

Want to find out how? Check out my new article titled Tax Tips: Should Your S Corporation Discriminate on Your Behalf with Its Health Insurance Coverage?

Three ways our fact-filled article can help you:

1. We’ll explain how the IRS puts you in a Catch-22 situation. You see, the cost of medical insurance paid by the S corporation to cover the owner is NOT a tax-free fringe benefit to the owner. But if S corporation owners don’t have their S corporations pay for the health insurance, they get no IRS Form 1040 page 1 deductions for self-employed health insurance. If you want to get out of this trap, read the full article.
2. You’ll learn the right way to structure your health care coverage. We’ll explain why you’ll want to qualify for the tax-favored page 1 deduction. It’s the smart way to go! Get the whole story when you read the full article.
3. We’ll explain important W-2 fringe benefit rules. The S corporation has to consider the cost of the owner’s health insurance. There are two ways to structure this. We’ll tell you which makes sense for you when you read the full article.