kcjenkins Posted April 7, 2010 Report Share Posted April 7, 2010 The Internal Revenue Service has updated its Web site to provide information to small employers regarding the new tax credit for providing health coverage. The new Web pages include a graphic to help employers quickly determine if they qualify for the credit; scenarios that explain how much certain businesses and exempt organizations would benefit from the credit; tax tips on taking the credit, and a set of questions and answers. The IRS is encouraging small employers to carefully consider the tax credit. Quote Link to comment Share on other sites More sharing options...
samingeorgia Posted April 8, 2010 Report Share Posted April 8, 2010 Lots of questions about this -- what if you are a professional services C corp. and try to show zero net income each year using bonuses in order to avoid the 34% rate? Similarly, does this credit flow through in a partnership or S corp.? What about the restrictions on health insurance for S corp. shareholders? No wonder they need another 16,000 IRS agents to handle this "healthcare reform". 1 Quote Link to comment Share on other sites More sharing options...
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