Income tax Archives

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Gimme a break!

One reason to dislike the IRS a little less: The IRS is giving everyone THREE extra days (wahoo!) to file your 2010 taxes. If you’ve been putting off preparing your taxes until the last minute, you have until Monday, April 18th to get it done. No, the IRS is not just being generous. The mini-extension… Continue reading Gimme a break!

Small Businesses: How To Claim Your Health Insurance Premium Tax Credit

Questions abound! Here’s an answer: HOW TO CLAIM THE TAX CREDIT How does an employer claim the tax credit? The credit is taken on the annual tax return. The IRS will provide information on how tax-exempt employers can claim the new credit. Does taking the tax credit affect an employer’s deduction for health insurance premiums?… Continue reading Small Businesses: How To Claim Your Health Insurance Premium Tax Credit