S Corp and health insurance
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S Corp and health insurance
Hello,
I have just formed an S Corp with me being the sole employee with 100 of
the shares. If I determine my ‘reasonable salary’ at say 40,000/year, is this
the amount that I claim as my income when applying for health insurance?
Thank you
Asked on March 14, 2018 under Insurance Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
You income is how much you are *actually* paid from all sources annually, so the sum of: 1) the salary you in fact receive from this S-corp; 2) your salary or wages or other compensation from other work (e.g. a side or part-time job, consulting work, etc.) you do; 3) income from investments or real estate; and 4) any dividends you take from the corporation.
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