ACCORDING TO IRS - SELF EMPLOYED PEOPLE PAYING FOR MEDICAL, DENTAL, OR LONG TERM CARE INSURANCE CAN GET SPECIAL TAX DEDUCTION FOR INSURANCE PAID FOR YOU, YOUR SPOUSE, & DEPENDENTS. TO QUALIFY ONE OF THE FOLLOWING CONDITIONS MUST BE MET:
1. NET INCOME FROM SCHEDULE C, C-EZ, OR SCHEDULE- F.
2. PARTNER'S SHARE OF SCHEDULE K1 INCOME - BOX 14, CODE A
3. S-CORP SHARE HOLDER OWING MORE THAN 2% STOCK - W2 WAGE STATEMENT
FOR MORE Q&A CALL KASH @ (925) 963 4891
No comments:
Post a Comment