Quote:
Originally Posted by Minte
I am confused about that. One employee would not allow for a group policy. I know that there are specific tax codes that our accountants plug in for insurances. But we are a C-corp and have been over 50 employees for many years.
Her boss might just be taking the expense as he needed it to defer taxable income.
THe odds of him getting audited aren't great and the worst case is he has done something questionable.. he pays the interest and the penalty.
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I was able to get a group plan with one employee like this (s-corp).
I am an employee and my employee is an employee so I really have two employees and became eligible.
As far as taxes I paid as a result, not really sure what those consequences were but I suspect there were some because Quickbooks asked how much was paid for health insurance. There had to be some reason.