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Level 1
posted Sep 7, 2021 4:05:21 AM

Officer's Compensation Doesn't match w2 filed

My officer's compensation does not match the w2 that was filed.  I know the difference is in health insurance premiums considered as compensation.  I think the instructions said that I could attach a page to explain the difference, but now I can't find that, or figure out how to attach a page to e-file.  Is there a way to attach a page and e-file, or will have to mail the return?  Or is there another solution?  Thanks.

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2 Replies
Level 15
Sep 7, 2021 5:55:12 AM

If you mean the W-2  for an S-Corp then the health insurance paid by the corp for the owner should be listed on the W-2 included in wages  and the deduction for the corp is the wages ... do not also take a deduction under insurance.   

Level 1
Sep 7, 2021 3:01:59 PM

Thank you for the reply.  The benefits are not counted twice, but due to timing of when they were paid, the health insurance premiums that are counted as a benefit don't match what was counted as wages to the officer.  Anyway, my main question was how to state this to the IRS.  I think I figured out that I will have to mail the tax return and include a statement, rather than e-file.