Now The IRS Offers A Form to Help Small Businesses Claim The New Health Care Tax Credit

Let's face it.  Every small business is going to be facing an ever-increasing mound of paperwork from the IRS.  Right now, staying on top of all of the health care requirements is pretty tricky.  One helpful item is the IRS' newly  released a draft version of the form (Form 8941) that small businesses and tax-exempt organizations 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.

 Take a look at the forms now so that you'll be ready to take the best advantage of that tax credit when the time comes.  And, as always, give Shoffner & Associates a call at 617-369-0111 or drop us a line law@shoffnerassociates.com if you have any questions.