Discussion:One Man S-Corp, health insurance & auto
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Discussion Forum Index --> Advanced Tax Questions --> One Man S-Corp, health insurance & auto
Discussion Forum Index --> Tax Questions --> One Man S-Corp, health insurance & auto
| 28 April 2009 | |
| Hi all,
For quarterly 941 does the wages reported have to include items such as health insurance and auto? Also, do most states follow federal convention (I'm curious most about NJ)? Thanks | |
| 28 April 2009 | |
| Can't speak to NJ rules, but yes, SEHI should be included on Form 941 Line 2 wages, but should not be included on Line 5 wages. As to auto, if he is driving a company vehicle and has personal use, it is supposed to be included in wages quarterly, but many do not get it in until year end. | |
| 28 April 2009 | |
| Since the SE health Ins is not taxable, the entire can be added in the 4th q. | |
| April 28, 2009 | |
| Yep, I'm with Barb on this one, too. I don't adjust for the weird stuff until 4th Qtr/W2's. | |
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