How to Deduct Health Insurance for S Corporation Shareholders on Form 1120-S and Form 1040

If you are a shareholder in an "S" corporation, you are allowed to have the company pay for your health insurance premiums and deduct the cost on the Form 1120-S tax return.

This video discusses the reporting requirements on Form W-2, Form 1120-S, Schedule K-1, and Form 1040.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.