Hi,

I have few questions about C2C and 1099. (I work remotely from my home office)

1) If I am incorporated and working as the sole employee of my company, Can I deduct part or any amount of the money I pay for medical insurance?
2) How can I contribute to 401K? Is it plain tax deferred contribution up to some amount? Or can I do company match etc as well to myself?
3) How do I set aside money for Healthcare spending account?
4) Can I get my travelling expenses reimbursed from the company that contracted my company? Or I have to do a per diem rate included in the actual rate of the contract?
5) What other deductions apply?

Appreciate your responses.

1) Yes.

2) Yes, but you probably should get competent professional advice before you set up such a program for yourself.

3) That's another area where you need to get competent professional advice.

4) Reimbursements are always a sticky problem when negotiating a contract. Just include these costs as part of your bid.

5) No way I can answer that one.

Your situation SCREAMS for professional tax advice. I recommend you contact a local enrolled agent or CPA who handles corporate returns.