Written by Reed Tinsley |
July 7, 2010
I’ve had several clients recently ask if their health insurance paid by their employer (i.e. the medical practice) will be taxable next year. In other words, will the value be added to taxable wages? The answer is NO! This myth is still going around and is untrue. It is going to be reported just like 401K contributions and other similar items are reported on the W2 for INFORMATION purposes only.
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About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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