This new regulation applies to the vast majority of small businesses. If you own or run a corporation (C or S), or a limited liability company (LLC), this pertains to you and is a MUST READ! Thank you in advance for taking the time to do so.
shareholder
Great. One more tax to pay. But this one can save you money. Let us help make it easy… complete with pictures.
“The old proverb still holds good, thieves are never rogues amongst themselves.”
Health and accident insurance premiums (this includes premiums for spouse and family coverage as well) paid on behalf of a 2% S corporation shareholder-employee should be reported as wages on the shareholder-employees Form W-2.