Corp shareholder: How do I reimburse an employee for their personal health insurance premium payment? I’m told I have to show it as income and it must be taxed.
The Tax Tracking Type is Taxable Compensation for the employee; it is like a Bonus, essentially. This assumes you don’t need specific reporting for the W2 in any box with any specific code. For instance, you won’t use that method for S Corp shareholder reimbursement for 2% or more shares […]
Resolution for 'Corp shareholder issue: 'How do I reimburse an employee for their personal health insurance premium payment? I’m told I have to show it as income and it must be taxed.' available: Yes.
The Corp shareholder issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Corp shareholder issue yourself by looking for a resolution described in the article. If it is a complex Corp shareholder issue or you are unable to solve the issue, you may contact us by clicking here or by using other Corp shareholder support options.
For more information about resolving issues related to Corp shareholder in Quickbooks/QBO or to get support for the issue 'How do I reimburse an employee for their personal health insurance premium payment? I’m told I have to show it as income and it must be taxed.', click the link below: