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Setting up an employee for health insurance paid at the end of the year (annual premium)

SOLVEDby IntuitUpdated November 21, 2023

How do you set up the Employee Wage/Withholding screen for health insurance premiums paid to S corporation officers in EasyACCT?

How to set up the Employee Wage/Withholding screen

In the Employee Wage/Withholding screen:

  1. In the GP#- Officer Health Ins. section, select boxes 1 and FWT and use the W-2 code box 14.
  2. In the WH#- Officer Health Ins. section, don't select any boxes.
    • This takes the health insurance out of net pay so it doesn't increase the dollar amount of the check.
  3. In the Contributions/Deductions tab, you can set up health insurance for automatic deduction; if there's a company portion, you can set it up as a match.

According to the IRS's S Corporation Compensation and Medical Insurance Issues, this is the treatment only if payments are made under a plan.

Verify the tax treatment and payment plan to make sure this is the correct setup.

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