BillR
12-03-2008, 10:21 PM
So I am quite likely in the process of making some changes and starting a new company.
The new compay will be an "S" corp (probably - unless there's a reason to change...) and I will elect to take COBRA from my previous employer for a period of time (length unknown - perhaps up to 18 months).
What is the best way to deal with this taxwise? I think if you are self-employed you can take COBRA payments off of your gross income - but what is the definition of self-employed for this? Can it somehow pass as an expense to the S-Corp? Or is it better to structure this all differently?
The new compay will be an "S" corp (probably - unless there's a reason to change...) and I will elect to take COBRA from my previous employer for a period of time (length unknown - perhaps up to 18 months).
What is the best way to deal with this taxwise? I think if you are self-employed you can take COBRA payments off of your gross income - but what is the definition of self-employed for this? Can it somehow pass as an expense to the S-Corp? Or is it better to structure this all differently?