Health Care Credit Draft Form

Written by Reed Tinsley | September 13, 2010

The IRS released a draft of new Form 8941 (Credit for Small Employer Health Insurance Premiums) for eligible small businesses and tax-exempt organizations to calculate a 2010 credit for health insurance purchased for employees. The credit was provided by the Affordable Care Act and is designed to help small businesses that employ moderate and lower income workers. Small businesses will include the computed credit amount as part of the general business credit on their tax return, and tax-exempt organizations will claim the credit on a revised Form 990-T. The form is available at www.irs.gov/pub/irs-dft/f8941–dft.pdf .

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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