We have 3, 2+ shareholder employees of our scorp company that participate in the same health insurance programs offered to the rest of our employees. These employees are responsible to personally pay for half of the health insurance premium with the company paying the rest of the premium and for paying the entire amount of dental/vision premiums. How can I set up a payroll item to deduct the proper amount per pay for these premiums so that they are done post tax affecting the proper tax entities and have the proper amount show up in Box 14 of the W2 and the amounts also added to the Fed./State/Local wages on the W2? I have tried it as a deduction with the tax tracking type set to S /Corp Pd Med Prem and the proper amount appears in Box 14 but it is shown as negative. I have also tried it as a Company Contribution and the amount is recorded, but it does not deduct the amount from the check. Need to get this corrected quickly so that we can be on track for the rest of the year.
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