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Long Term Care Insurance
Today TaxMama® hears from Connie in the TaxQuips Forum with an excellent question. “I have a long term care insurance policy that I took out last year. This insurance is to cover you if you are put in...
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W2 plus 1099
Today TaxMama® hears from Paula in the TaxQuips Forum who is offended. “My employer in California wants me to purchase my own health insurance policy, then have me expense the cost each month. He...
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Staff Wants Health Benefits
Today TaxMama® hears from Ann in the TaxQuips Forum, who has a very enthusiastic staff. To make a long story short: “Ann just converted her 25-year business to an S Corp. Her staff did the research and...
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Health Insurance Question
Today TaxMama® hears from Ming in the TaxQuips Forum who wants to be creative. Let me summarize. Both his and his wife’s employers offer health care coverage. However, if they add a spouse, they have...
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Life Insurance
Today TaxMama® hears from Hernandez in the TaxQuips Forum with good question. “I am one of two partners in a architecture service partnership. We are considering using life insurance, specifically...
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Health Insurance Zinger
Today TaxMama® hears from Larry in the TaxQuips Forum with a quick question. “If an employee pays for his family’s health insurance through payroll withholding, is the amount he pays free from taxes?...
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Overpaid Life Insurance
Today TaxMama® hears from Kresha in the TaxQuips Forum, with this problem. “My friend received a 1099-Misc for money from a life insurance company. They said they overpaid her when her husband died,...
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Don’t Miss the Health Insurance Deduction if You’re Self-Employed
Courtesy of the IRS If you are self-employed, the IRS wants you to know about a tax deduction generally available to people who are self-employed. The deduction is for medical, dental or long-term care...
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Theft Loss
Today TaxMama® hears from Pierre in the TaxQuips Forum, with this issue. “In 2012, an S-Corp had an employee who stole cash from them through the inventory and sales. They own a NAPA Auto Parts store....
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Non-Dependent Medical Costs
Today TaxMama® hears from Robert in the TaxQuips Forum, who has this interesting question. “A self-employed father has found himself having to cover thousands of dollars of uninsured medical expenses...
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