Discussion:New health care tax credit

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Advanced Tax Questions --> New health care tax credit

Discussion Forum Index --> Tax Questions --> New health care tax credit

Bjacpa (talk|edits) said:

14 February 2011
If an eligible small employer has 5 employees, with salaries under $50,000, but only covers 1 under the company policy, and pays over 50% of the premium (other employees opted out of coverage) does the employer qualify for the credit on the one employee? Also, do all employees have to be included in the calculation of full time equivalent employees and average annual wages. I cannot find any examples by the IRS or the instructions that address this. This is so new, its still unchartered territory!!

Any information and/or resources to learn more will be very helpful.

Captcook (talk|edits) said:

14 February 2011
Yes. I think if you read the instructions carefully, you would have found your answer.

R2 (talk|edits) said:

14 February 2011
IRC 45R(e)(1).

To join in on this discussion, you must first log in.
Personal tools