2010 Health Insurance Credit
The Finance Office will be mailing out information next week about the Small Business Health Insurance Credit for 2010. The credit applies to small business and tax-exempt employers who have less than 25 employees (on a full-time equivalent basis), have average wages of less than $50,000 (clergy do NOT count in wages) and pay at leat half of the insurance premiums for employees for single coverage. The credit is computed on Form 8941, and then filed on Form 990-T, even if you would not otherwise file that form for unrelated business income. The credit is refundable (payable to the parish even if you have no tax liability).
2010 Small Business Health Insurance Credit (576.38 kB 2011-02-18 14:58:07)
2010 Form 990-T (166.12 kB 2011-03-10 16:48:25)

