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IRS Releases Form to Help Small Businesses 
Claim New Health Care Tax Credit

The Internal Revenue Service today 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. The IRS also announced how eligible tax-exempt organizations –– which do not generally file income tax returns –– will claim the credit during the 2011 filing season.

The IRS has posted a draft of Form 8941 on IRS.gov.

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Claim New Health Care Tax Credit

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Claim New Health Care Tax Credit

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