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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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September 10, 2010
IRS Form to Help Small Businesses and Tax-Exempt Organization Claim Health Care Tax Credit
The IRS released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year.

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The IRS has posted a draft of Form 8941 to their website. Small businesses and tax-exempt organizations will use the form to calculate the credit.

  • Small business will include the amount of the credit as part of the general business credit on their income tax return.
  • Tax-exempt organizations—even those organizations that owe no tax on unrelated business income—will claim the small business health care tax credit on a revised Form 990-T.

The final version of Form 8941 and its instructions will be available later this year.

For more information on the small employer tax credit, read:

You can also visit Healthcare Reform: A Resource Center for Employers for more information on how the healthcare reform could affect your organization.

Featured Special Report:
Top 100 FLSA Overtime Q&As
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