Written by Reed Tinsley, CPA |
February 24, 2009
The IRS issued the 2009 Form 941 (Employer's Quarterly Tax Return) accessible at www.irs.gov/pub/irs-pdf/f941.pdf , reflecting the change for employer COBRA subsidies enacted by the American Recovery and Reinvestment Act of 2009. Employers may be reimbursed for 65% of their total COBRA premiums through a refundable credit on Form 941. Also, employers may apply directly to the IRS for refund of premiums paid. Lines 12a and 12b have been added to the 2009 form for this change.
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.
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