But the insurance policy is not in your corporation name so you no longer get the same deduction even if you use the corporation's check book to pay back your partner. You are technically getting a policy thru your partner's employer and even if you are "paying" the cost by reimbursing your partner for the extra cost it is NOT your insurance policy to deduct. The good news is that you only have to pay the extra tax on the imputed premiums and not the full cost of the premium but to get this benefit you don't also get to deduct the premiums as you have in the past.
@Hal_Al what is your take on this ?
