HERE IS HOW TO REPORT IT
Health Insurance for the entire family goes on Shareholder’s W2
Box 1 & Box 14 (Does not affect FICA).
W3 Box 1 only
Form 941 Box 2 only (Does not affect FICA).
Form 940 Included in Total Payments Line 3 & Box 4 – excluded from FUTA tax
UCT-6 (Florida’s Unemployment Tax) Not shown
Health Insurance for employees does NOT appear any payroll reports (YET!).