C corporations offer better tax treatment for
S corporations may wind up with the same tax treatment as C corp owners, especially when it comes to health insurance. Just make sure you establish a formal plan that says you will pay health insurance premiums for a certain class of employees, such as
What's deductible, what's not
Here are the rules: C corporations can offer several tax-advantaged fringe benefits to their employees, including owner/employees. The corporation can write off the outlays while the employees can exclude them from taxable income.
The rules governing fringe benefits for S corporation employee/owners are not as favorable. Any S corporation employee/shareholder who owns (directly or indirectly) more than 2 percent of the company's stock faces limits ...(register to read more)