If you are an officer to an S Corporation, you are going to have to jump through some hoops to properly report your officer's health insurance premiums. The IRS has ruled that in order to get the deduction on your form 1040 like most business owners (self employed), you have to include the premiums as taxable income on your W-2, and then deduct it on your corporate return as wages expense, and then deduct it again on your personal return. So two minuses and one plus equals one deduction. The IRS isn't known for making things simple, but they make the rules.

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