A year ago I attended a workshop on investments. Here are some of the things I learned about Medical expenses for your own business.
– S corporation requires no tax on health insurance premiums, but that’s all you get for this type of business.
– C Corporation: you can write off 100% of medical expenses such as premiums, copayments, long-term care, teeth, eyes all the deductible. The average family usually has around $15,000 of medical expenses a year.
– If you want to write off expenses, Congress says US run the business with the correct legal structure, which means a C structure. Here are some suggestions.
– A. You need keywords on your application for the C Corporation, so that you can earn medical reimbursement.
– b. C Corporation helps you avoid the LegalZoom. The IRS resists accepting traders as a business that sees them more as a hobby.
– C. One way to try to sue a company is when a lawyer will ask for the Minnesota Corporation, or where the state medical deductions, etc. is if they see anything wrong. There’s a better chance to judge will vote against you.
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