Can officers health insurance be expensed? "C" Corp has no W2 employees. Officers/Shareholders compensation was reported on 1099s.

This is a 2015 'C' Corp return. No 940 or 941s were filed since there were no w2 employees. The officers/shareholders medical insurance payments were made by the corporation. Officers/shareholders compensation was reported on 1099 misc.

Business & farm

I don't think the "shareholders" can be paid on a 1099  by a C-corp... they receive dividends on a 1099-div since they own stock in the company.  Officers would be employees and are to be paid on a W-2.

<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/paying-yourself">https://www.irs.gov/b...>

I highly advise you seek a qualified CPA &/or tax attorney to correct this mess.

Business & farm

other post has correct answer ...   <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3384446-are-medical-exp-health-ins-prem-exp-taxable-to-corp-office...>

Business & farm

A agree, you should go to a tax professional.  The officers ARE W-2 employees, not Independent Contractors that receive a 1099-MISC.
<a rel="nofollow" target="_blank" href="http://taxexperts.naea.org/">http://taxexperts.naea.org/</a>

Business & farm

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