Guidance on the Small Business Health Care Credit
by Precept on Apr.21, 2010, under Tax
If your business pays some or all of the health insurance premiums for staff, it may be eligible for a new federal tax credit created by the Patient Protection and Affordable Care Act, signed into law on March 23, 2010. The IRS has guidance on this credit in question-and-answer and scenario forms on its web site to illustrate how the credit works.
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