NONPROFITS CAN CLAIM TAX CREDIT FOR SMALL BUSINESS HEALTH CARE

Blog
September 7, 2010

The IRS announced today that tax exempt organizations qualifying for the credit will use Form 8941 to calculate the small business health care tax credit, and can claim the credit on Form 990T during the 2011 tax season, even if they owe no tax on unrelated business income.

The credit is to encourage small businesses and tax exempt organizations to offer or continue to offer health care to their employees.

For more information go to: 

http://www.irs.gov/pub/irs-dft/f8941–dft.pdf