We recently received this IRS notice and want to be sure our clients are aware of this tax credit.
"If your small business or tax-exempt organization pays employee health insurance premiums in 2010, you may be eligible to claim a new credit on your 2010 tax return. Employers with fewer than 25 employees (more if you have part-time employees), and less than $50,000 in average wages, may be eligible. Eligible small employers could qualify for a credit worth up to 35% of premiums paid in 2010 (for businesses) or 25% or premiums paid (for tax-exempt groups). Visit www.irs.gov or consult your tax professional to learn more about whether your small business qualifies for this valuable incentive to provide health coverage for your employees."
