S Corporations May Reimburse Two Percent Shareholders?ÇÖ Individual Insurance Premiums

At least through the end of 2015, an S corporation will not be liable for excise taxes of up to $100 per day per employee due to paying or reimbursing the individual health insurance premiums of employees who are two percent shareholders. This excise tax relief does not apply with respect to employees who are not at least two percent shareholders. IRS Notice 2015-17 can be found here.