How to Report Shareholder Health Insurance in QuickBooks

The IRS requires that S-Corp shareholder health insurance plan benefits are reported on W-2s in box 14. This can be simple for businesses using QuickBooks.  Simply create one single zero-dollar paycheck at the end of the year to record the total benefit amount onto the W-2.

For the full article including instructions please visit: http://www.sleeter.com/blog/2015/01/shareholder-health-insurance/

Davis and Hodgdon Associates CPAs has been assiting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. Please call 802.878.1963 or email [email protected] so we can sit down and develop a short-term strategy that will lead to long-term benefits.

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