S Corporation has a group plan that either was in or out of the "NY Market Place" The two stockholders of the S-corporation dropped out of their group getting coverage via their broker individually through the "NY Marketplace." Their corporation pays their monthly premium.
Am I able to show the premium gross and net payroll, pay no FICA/Medicare/FUTA or NYUI (thus W-2 shows in box 1 the premium paid and zero's in boxes 3 and 5 of the W-2) with the stockholders in turn picking up said premium as an adjustment to gross income?
OR do they owe income tax withholding as well FICA/Med/FUI and NYUI?
Is there a IRS issue because the corporation is paying an individual premium as recently discussed at our national meeting down in Florida?