S-Corp Health Ins--plan comp?

[BG5150]

Two S-corp owners:  the only thing on their W2 was the S-Corp Health Insurance.

Does that count for plan comp, or do we exclude it and they have zero comp for the year?

[CuseFan]

I thought the SCHI issue had been discussed before and assuming plan definition supported and did not specifically exclude that consensus (maybe?) was you inlcuded.

 

[David D]

Yes, they are included in box 1 of the W-2.

[Peter Gulia]

If there is text in the IRS-preapproved documents, does the delivery of the IRS’s opinion letter suggest that the IRS viewed the text as not (at least not by itself) resulting in a plan’s failure to be tax-qualified in form?