Special Rules for Health Insurance Costs of 2% Shareholder-Employees

 PURPOSE

This notice provides rules under which a 2-percent shareholder-employee in an S corporation is entitled to the deduction under § 162(1) of the Internal Revenue Code for accident and health insurance premiums that are paid or reimbursed by the S corporation and included in the 2-percent shareholder-employee's gross income.....

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The FDIC insures deposits in most banks and savings associations located in the United States. The FDIC protects depositors against the loss of their deposits if an FDI -insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.....