IRS Releases Draft Form for Small Firms to Claim Health Care Tax Credit

September 7, 2010

  • September 7, 2010 at 1:27 am
    Tom says:
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    Now we know what some of the 16,000 new IRS agents will be doing when they aren’t chasing scofflaws who don’t buy insurance or employers who fail to provide policies with the “minimum essential coverages”. I haven’t made the calculations but I would imagine that the credit is so small that the number of potential small business who decide to provide coverage will be so small as to be insignificant. And, once they do enter the spider’s web, they may be forced to continue coverage, then upgrade coverage, or pay a fine. Caveat Emptor to the max.

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