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Author: spawlish Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121316  
Subject: S Corp Health Insurance Date: 1/24/2001 5:36 PM
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Wow, I'm impressed with the quality of responses in this group. Therefore, I want to solicit some opinions:

I have an S-Corp that I formed last year and have been paying health insurance premiums from the business checking account. I am the only owner of the company and am aware of the 60% deductible limit for 2% shareholders. But, my question is, what, exactly, do I do to report the premiums. Do I put it on the W-2 for myself as an employee or do I make a 1099 for myself as an officer of the company? Then, if I do that, since I, as an individual, am paying taxes on that amount, do I then claim it as an expense in the business account? If I didn't, it seems to me that the money would be taxed twice....

Any comment?

Thanks in advance,
Steve
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