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Topic: Small Business Health Care Tax Credit

Small Employers May Qualify for Tax Credit

 

Filing Deadlines Approaching

Internal Revenue Service - IRSWashington, D.C. – With business tax-filing deadlines fast approaching, the Internal Revenue Service encourages small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and then claim it if they qualify.

The recently-revamped Small Business Health Care Tax Credit page on IRS.gov is packed with information and resources designed to help small employers see if they qualify for the credit and then figure it correctly.

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Seven Year-End Tips to Reduce 2011 Taxes

 

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service today reminded Tennesseans that there is still a little time to take action to lower their 2011 federal taxes.

“In order to claim certain benefits on your 2011 taxes, you need to take action no later than December 31st,” said IRS spokesman Dan Boone. “Taking steps now could save you money when you file your taxes next year.” «Read the rest of this article»

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IRS Reminds 169,000 Tennesseans of October 17th Tax Deadline

 

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service today reminded the estimated 169,000 Tennesseans who requested a six-month filing extension in April that the deadline to file their 2010 federal tax returns is Monday, October 17th.
 
“We hope individuals and small businesses will double check their returns for recently expanded tax benefits, like the new Small Business Health Care Tax Credit,” said IRS spokesman Dan Boone. «Read the rest of this article»

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IRS and HHS Announce New Round of Outreach to Small Businesses and Practitioners About the Small Business Health Care Tax Credit

 

Internal Revenue Service - IRSWashington, D.C. – As the upcoming filing extension tax deadlines approach, the Internal Revenue Service, in partnership with the Department of Health and Human Services, is announcing a new round of outreach to small employers and the professional service providers they rely on to encourage them to review the new Small Business Health Care Tax Credit to see if they are eligible.
 
“As the filing deadlines approach, we want to make sure that small business owners don’t leave any money on the table,” said IRS Commissioner Doug Shulman. “Small businesses that offer health insurance should learn about this credit and claim it if they are eligible.” «Read the rest of this article»

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IRS offers details on new Small Business Health Care Tax Credit

 

WASHINGTON, DC — The Internal Revenue Service  issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive.  The guidance makes clear that small businesses receiving state health care tax credits may still qualify for the full federal tax credit. Additionally, the guidance allows small businesses to receive the credit not only for regular health insurance but also for add-on dental and vision coverage.

Notice 2010-44, posted  on IRS.gov, provides detailed guidelines, illustrated by more than a dozen examples, to help small employers determine whether they qualify for the credit and estimate the amount of the credit. The notice also requests public comment on issues that should be addressed in future guidance. «Read the rest of this article»

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