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140061 Insurance Form

140061 Insurance Form

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Video instructions and help with filling out and completing 140061 Insurance Form

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Instructions and help about 140061 Insurance Form

hey there youtube so for this video i want to cover the s corporation owner's health insurance expense and deduction uh but more specifically how does it work and what are all the reporting requirements that you need to do so what goes on the 1120s the w2 what do your financial statements look like and ultimately how does this end up on your 1040. so i've got a lot of exhibits here i've got this slide in front of us with the background information the fact pattern are going to look at and then i've got a number of pdf documents here so we've got a sample financial statement for an s corp we've got a an example of what our w-2 is going to look like for the owner of the s-corp that has the health insurance and then we're also going to look at the form 1120s reporting for the company and the schedule k1 and then lastly we're going to look at the form 1040 for the taxpayer right so the shareholder that's receiving a w-

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