|
CLIENT PORTAL
LOGIN |
| Accounting & Tax Solutions, Inc. is a full service tax, accounting, and business consulting firm located in Lakewood, CO and serving Arvada, Lakewood, Wheatridge, Golden, Littleton, Morrison, Denver, Highlands Ranch, Englewood, Centennial, Aurora, Greenwood Village, Westminster, Thornton, Northglenn, Broomfield, Commerce City, and Brighton. See our Services pages for detailed information, call 303.232.8300 or click to Schedule an Appointment. |
 return to Tax Tips
|
Tax Tip: (December 2010)
W-2 Reporting
A reminder for S-Corporations - for all shareholders who own more than 2% of the stock of the corporation, health insurance premiums paid by the corporation must be added to boxes 1 and 14 of the shareholders W-2 form. If you use a payroll service bureau, this amount needs to be reported to them when you process your last payroll of the year.
Employers get a break on reporting the value of health coverage on W-2s. IRS won't require it for 2011 W-2s that employers will file in early 2012, as originally called for in the health care law. The delay gives firms additional time to make the necessary changes to their payroll systems. And even when the values of the coverage is shown on the W-2, it won't be included in the employees' incomes. Congress added the reporting rule so employees will have a better appreciation for the amount that their employers spend on their heath insurance coverage.
Contact Us or call today: 303.232.8300
.............................................................................................................
Let Accounting & Tax Solutions, Inc. help you navigate through the many regulations and nuances of the tax laws, to ensure that you receive the expert advice of a licensed tax practitioner: Contact Form
|
return to Tax Tips
|
|
Tax Forms
The latest tax forms at your fingertips. 
Tax tips and seasonal advisories. Appointment Let us know when you would like to schedule an appointment.
Set up a consultation with an EA, CPA, or Accountant to discuss your tax and financial planning, accounting, or bookeeping needs.
|
Copyright ©
Accounting & Tax Solutions, Inc.
office: 303.232.8300 address: 710 Kipling Street, Suite 205, Lakewood, CO 80215
website design by POITRA Visual