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I am a s-corp shareholder/owner. Can the s-corp pays for my health insurance directly to the provider. How can I report it in W-2 form?

 
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Re: I am a s-corp shareholder/owner. Can the s-corp pays for my health insurance directly to the ...

Hi there, nutesnoodle,

 

I can share some information about S-Corp Owners Health Insurance in QuickBooks Online.

 

Presently, QuickBooks enables you to set up and record S-Corp health insurance in your online payroll account. However, there isn't any automation for our system to allow S-Corp to pay your health insurance provider.

 

You'll need to get in touch with your health provider for your payment options.

 

Also, your S-Corp Owners Health Insurance is reported in Box 1 and the $ amount in box 14 with "S CORP OWNER". You just need to make sure you add the item to the employee. Here's how:

  1. Click Workers from the left navigation panel.
  2. Go to the Employees tab.
  3. Select the name of the employee you want to pay S-corp owners health insurance amount.
  4. Click Edit employee.
  5. Below How much do you pay this employee, click Even more ways to pay [Employee Name].
  6. Select the S-Corp Owners Health Insurance checkbox.
  7. Add the rate in the Recurring amount field.
  8. Click Done.

You can check out this article to know more about setting up S-corp: S-Corp health insurance

 

That should do it, nutesnoodle. Please notify me if you need further assistance. I'll be more than happy to help you anytime. Have a good one!