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MBshutterup
Level 1

Medical Insurance Reimbursement for S Corp Officer

How do you have the reimbursement for medical insurance (paid out personally by the S corp officer), added to their monthly paycheck?  The payroll item has already been set up as a fringe benefit.

1 Comment 1
Candice C
QuickBooks Team

Medical Insurance Reimbursement for S Corp Officer

Hey there, @MBshutterup

 

I'm more than happy to help you with your question about the medical insurance reimbursement for S-Corp Officer. Let's work together and double-check the set up of the payroll item created. I suggest using the EZ Setup when setting up an S-corporation medical payroll item.  This tool will choose the taxation of your payroll item for you. Here's how to set up the payroll item based on your employee packages: 

 

If you're a 2% shareholder and offer the same medical insurance plan to all your employees

  1. Go to the List menu and then Payroll Item List
  2. Click on the Payroll Item drop-down arrow and select New
  3. Press EZ Setup and then Next
  4. Choose Insurance Benefits and then Next
  5. Pick S Corp Medical and then Next until Finish

If the 2%-shareholders have a different plan from the other employees or do not offer the plan to their employees at all

  1. Go through steps 1-3 from above. 
  2. Hit Other Additions and then Next
  3. Press Taxable fringe benefits and then Next until Finish

Before you go, you can also learn more about reimbursements through these links below. (The second article has QuickBooks Desktop information in the middle of the thread) 

Should you need any further assistance, please don't hesitate to contact me. Wishing you continued success! 

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