Cobra Tax Credit for Employers

On February 26th, the IRS (Internal Revenue Service) released new information that will help employers claim credit for the COBRA medical premiums they pay for their former employees.

 The information was unveiled on their website, IRS.gov, which includes an extensive set of questions and answers for employers.  The website also contains a revised version of the quarterly payroll tax return (Form 941), along with instructions that employers will use to claim credit for the COBRA medical premiums they pay.

Read the entire article and access all paperwork by clicking here.

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