Can a self-employed person list health insurance as a business expense?
915467
self-employed health insurance does not get deducted on your business tax return, or schedule c.  it gets deducted on your individual tax return.\n\nyou may be able to deduct health insurance you paid for yourself, your spouse, and your dependents if any of the following applies:\n\na) you were self-employed and had a net profit for the year\n\nb) you received wages from an S-Corp in which you were more than a 2% shareholder\n\nThis would be deducted in full on line 29 on the face of the Form 1040 (federal tax return) as an adjustment to your AGI.
719794
Your employer is REQUIRED by law to social security and medicare taxes.  They are also responsible for their portion of the social security and medicare taxes.\n\nYour taxes, if you received a 1099, could be over 40%!  You would be responsible for the 15.4% self-employment tax, plus your ordinary income tax rate.  That's not a good proposal.
676126
No. If the LLC is taxes as a partnership or an S corp, that member gets a K-1 from the LLC saying how much that member should claim on their personal tax return as business income. They only pay income tax on that. If they had to pay SS and Medicare on that, there would be no purpose in having the LLC or any entity, for that matter. They could just be a Sole Prop and show the business income on a Schedule C.
887220
Due to HIPAA (health insurance portability and assurance act) insurances can access health information.  I do believe in order to do this than they need a patient release form from you signed.  They're a business so they want to make sure they make money.  I would research the companies and their policies before signing on...
272701
I would think it would depend on whether it was "you as employee" or "you as yourself".  Ethically, any personal notes should be deleted or forwarded.  Obviously, it is technically possible.  I imagine you would be on shaky legal ground regarding use of employer's resources for your personal business.  That's just me.  I am not a lawyer.
869116
This is going to completely depend on the state in which you live.\nYou have to remember that even though Medicaid is paid for through federal dollars, each state implements the program on their own.  And each state has their own set of rules for qualification.\n\nMy state does not cover newborns under the Medicaid program and does not allow Medicaid dollars to be used to pay employee health insurance premiums....although it is a very, very good idea in the drive to combat the growing ranks of the uninsured.\n\nIf you work for a large employer, that employer offers you health coverage under what is known as a 'self-insured' ERISA plan where the employer hires a third party (many times that third party administrator is also an insurance company) and pays claims themselves....it is NOT insurance...even though you pay a monthly 'premium' it is not really a premium but you are helping pay those 'self insured' health claims.\n\nSo to have Medicaid paying your employer for health coverage that they self-fund anyway is a little bit weird and opens the door to all kinds of mischief...especially since big employers already get all kinds of tax breaks for offering ERISA coverage anyway..that's like being triple paid for the same single coverage.\n\nYou should contact your state Department of Human Services and find out what their Medicaid rules are.
417076
If you are filing jointly, you can deduct health premiums under misc. I believe on your state taxes.  Otherwise, if they are separate, you can only claim it on yours.  Try filing on taxact.com  They are awesome and will generally ask any question needed to find as many deductibles as possible. You can file for free and have the money in a couple weeks.
104712
Yes for the routine small business that is a sole proprietorship (not a corporation or partnership which requires special forms).\n\nI use it or TaxCut regularly.
202584
None. If you are an independent contractor, you should provide the contract for the other party to sign if they want your services. This contract should stipulate what services are being provided and the schedule of payment to you. When February rolls around the next year, the other party provides you with a 1099 form as a statement of what you were paid so that you can report the earnings to your accountant. If the amount of money was less than $500, then the other party does not have to provide a 1099. As an independent contractor, you are responsible for your expenses, which are a business deduction. Keep records diligently!
859429
If you are self employed, you and your husband could get a health insurance plan through an agent in the yellow pages - look under "health insurance" and request quotes and plan comparisons. \n\nSome plans are affordable - Blue Cross/Blue Shield and Aetna. But you could compare plans and quotes online through reputable health insurance quotes services. That way you can review the plans at your convenience with no pressure.\n\nTwo of the leading health insurance quotes providers are:\n\n1) InsureMe - they give you up to five free health insurance quotes from top-rated health insurers nationwide. To Request a free, no obligation quote, Go to - http://www.insureme.com/landing.aspx?Refby=613598&Type=health\n\n2) eHealthinsurance.com offers you side-by-side quote comparisons from a large network of health insurers across the country. eHealthinsurance has more than 900,000 clients in the U.S.\n\nReview all Exclusions inlcuding any Pre-Existing Conditions Exclusions before you buy. Also, understand how the Co-Pay works so you know how much you'll pay out-of-pocket per claim.\n\nAlso, ask the health insurance company if you can deduct your health insurance premiums, since you're self-employed.\n\nI hope that helps you find an affordable self-employed health insurance plan. Good luck.
42060
No. Health insurance is a huge expense and it is their choice whether or not to offer it. Most will offer it to attract and retain quality employees. Alot of smaller business cannot afford to offer it to their employees.
78423
Well, health plans vary widely in costs.  An employer should engage a licensed health insurance agent and explore a number of options, ranging from high-deductible or catastrophic plans, to richer plans that cover and cost more.\n\nSome tools that can help offset expenses in various ways include Health Flexible Spending Accounts, Health Reimbursement Arrangements, and Health Savings Accounts.  A knowledgeable agent should be able to discuss these options with you, and help you locate tools to evaluate the options.
1047456
I think the best way is to do some research on your own and then get in touch with local health insurance agents or brokers. I say more than one because talking with more agents will give you more ideas, see more health plan products, and – most importantly – get several different insurance agents competing two earn your business. Many people don’t realize it, but insurance plans aren’t any cheaper online than they are through an agent.\n\nWhen I’ve looked at small business matters, The National Associated for the Self-Employed (see link below) had some good information. They have a health care Web site with some good information as well (also below). Also, some states have group-purchasing pools for small business and the self-employed. Depending on the kind of business you’re in, there may be a trade association you can join and get group health insurance through them.\n\nAfter you’ve done some researching, try visiting MostChoice.com. I’m a writer for them, and they have a simple approach to shopping for health insurance. You fill out a short form, they send you information on health plans available in your state, and local state-licensed insurance agents contact you within 48 hours to talk about what you’re company needs in a group health plan. It’s free and you’re not required to buy anything from the agents who contact you. Just wait until one of them delivers an insurance solution that makes sense for you and your company.\n\nYou can visit MostChoice here: http://www.mostchoice.com/health-insurance.cfm\n\nHope this helps,\n\nBarnes @ MostChoice.
171942
if you own your own business almost everything is a deduction but if you work in a hospital you can deduct the cost of your uniforms. you would report it on the schedule a along with your other itimized deductions. other than that you could call the irs or go to your local tax office to get the full details that relate to your particular situatuion.
428357
Wow, I wish I had a solid answer for you but tax laws are so squirrelly, and they vary from state to state. I can tell you that you want to be very careful to take the correct steps because nothing hurts a business (or your wallet) like IRS trouble. Consider a consultation with a CPA. These guys are worth their weight in gold, and usually know what your business needs long before you do.\n\nYou can also ask your questions here: http://www.irs.gov/\n\nAnd here's a real, legal list of deductions for the self-employed: http://www.irs.gov/businesses/small/article/0,,id=109807,00.html\n\n<<Personal Expenses\nGenerally, you cannot deduct personal, living, or family expenses. However, if you have an expense for something that is used partly for business and partly for personal purposes, divide the total cost between the business and personal parts. You can deduct as a business expense only the business part.>>\n\nBest of luck with this,\n~Tia~
506324
Unless something has changed recently, the answer is No.  You are an independent beauty consultant.  You are in reality "self-employed".\n\nIt has actually been tried in a court of law to determine if you are (as a consultant) an employee of May Kay.  The Courts ruled Consultants ARE NOT employees.\n\nA copy of the court case is below.\n\nAlso Mary Kay DOES offer a program called MKConnections, which offers "discounts" on medical, vision, dental, etc, BUT it is NOT insurance.  The second link is for consultants to log on and search for information.\n\nOne last comment:  You can always call the company and just ask them if they now offer health insurance for independent beauty consultants and see what they say.
42633
Yes. If people get sick or hurt they need something to fall back on. Plus it helps the employer too. People with health insurance can get back on their feet faster and, if the stay home briefly, don't get others sick. On top of which you probably can deduct this expense from the company's taxes.