|
Sep 08
2010
|
IRS Releases Form to Help Small Businesses Claim New Health Care Tax CreditPosted by Monique Padia in Untagged |
will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also announced how eligible tax-exempt organizations –– which do not generally file income tax returns –– will claim the credit during the 2011 filing season.
The IRS has posted a draft of Form 8941 to this website. Both small businesses and tax-exempt organizations will use the form to calculate the credit. A small business will then include the amount of the credit as part of the general business credit on its income tax return. For more information, click here.
