Employer tax credit guidance released by IRS

The Internal Revenue Service released final guidance for small employers, including nonprofits, to use the health care tax credit. There is a new form 8941 which explains how to calculate the credit which can be claimed for eligible employers who provided health insurance in 2010. Non profit employers will use form 990-T to claim the credit. See http://www.irs.gov/newsroom/article/0,,id=231928,00.html?portlet=7.

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