If you want to record medical insurance premiums paid to an S-Corp member so taxes are calculated and paid properly, follow the steps below:
- Set up the S-Corp 2% Owner earning if you don't already have it.
- Once the earning is set up, navigate to the Enter Payroll screen.
- Find the employee you want to pay, and select that earning from the dropdown under Other Compensation.
- Enter the amount of the reimbursement.
- Repeat this process for any other employees who need it.
To add as an additional check
- Set up the S-Corp 2% Owner earning if you don't already have it.
- Once the earning is set up, navigate to the Enter Payroll screen.
- Choose Additional Checks at the top of the screen.
- Follow these steps to add an additional check.