If you have an S-Corporation and you want to be sure you can deduct 100% of your Health Insurance Premiums, you will need to be sure you have your TOTAL PREMIUMS PAID IN 2010 reported on your year end W-2 forms. If you do not have this reported on your W-2 you will not be able to deduct 100% of your health insurance premiums paid in 2010.
For an explanation of what to do, please select one of the two documents below to view and follow the listed instructions:
If BUSINESS BY DESIGN processes your payroll tax returns -
CLICK ON LINK BELOW:
For ALL OTHERS -
CLICK ON LINK BELOW: