The Affordable Care Act (ACA, Obamacare) included a trap for small employers who let their employees purchase their own health insurance, then reimbursed them for all or part of the cost. Employers making such reimbursements were subject to a penalty … [Read more...]
Health Insurance for S Corporation 2 % Shareholders
The cost of health insurance premiums paid by an employer is usually excluded from taxable income on the employee’s W-2. A more than 2% shareholder of an S corporation is not eligible for this exclusion. However, the 2% shareholder may be able to … [Read more...]