IRS states a Scorp needs 2 or more employees to purchase insurance on the Healthcare Exchange. I did find this article on the IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical...
Towards the bottom of the page where it says in RED BOLD: "FEWER THAN TWO PARTICIPANTS WHO ARE CURRENT EMPLOYEES EXCEPTION"
You'll need to sign in or create an account to connect with an expert.
Yes, that is allowed, and that is probably the main reason for having a S-corporation.
Because it seems like you and your husband are not too familiar with how to use the S-corporation, it would really be to your advantage to go to a tax professional to learn how it operates, and to prepare at least the first corporate return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
pempam73-hotmail
New Member
Taxpayer13
New Member
smfw29a2
Returning Member
taxquestionasker85
Level 1
DBecton
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.