Sage 100

I have a client that offers life insurance as part of the cafeteria plan and they are telling me that this should not reduce FICA like the other cafeteria plan deductions.  Does anyone know what tax code should be assigned to this deduction? Thanks

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John Leonard
President
JLA Consulting
Metairie LA
504-835-9639
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I used tax code -00000 in v2020.  Seems to work.  Not sure why client set it up as a cafeteria benefit.



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Jeff Schwenk
FORMER 90M Board Member
Bottomline Software, Inc.
Waynesboro VA
540-221-4444
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------Original Message------

I used tax code -00000 in v2020.  Seems to work.  Not sure why client set it up as a cafeteria benefit.



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Jeff Schwenk
FORMER 90M Board Member
Bottomline Software, Inc.
Waynesboro VA
540-221-4444
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Try the S-Corp Health one.  it depends how you want SUTA and FUTA treated.  The S-Corp Hlth is exempt from FICA/Medicare and unemployment.  Otherwise you might have to set up a custom tone.

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Mary Jo Krueger
Senior Software Consultant
CLA (CliftonLarsonAllen LLP)
Appleton WI
920-996-1176
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Original Message:
Sent: 01-27-2020 19:07
From: John Leonard
Subject: Life insurance in cafeteria plan

Thanks Jeff. It looks like this will not reduce Federal and State wages either. I am trying to find a rule that will reduce Federal and State wages but not FICA.    Thanks!

John P. Leonard

(504) 835-9639

(504) 835-7850 (F)

Original Message------

I used tax code -00000 in v2020.  Seems to work.  Not sure why client set it up as a cafeteria benefit.

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Jeff Schwenk
FORMER 90M Board Member
Bottomline Software, Inc.
Waynesboro VA
540-221-4444
------------------------------

------Original Message------

Try the S-Corp Health one.  it depends how you want SUTA and FUTA treated.  The S-Corp Hlth is exempt from FICA/Medicare and unemployment.  Otherwise you might have to set up a custom tone.

------------------------------
Mary Jo Krueger
Senior Software Consultant
CLA (CliftonLarsonAllen LLP)
Appleton WI
920-996-1176
------------------------------