Health care tax credit can help churches and organizations.

Are you familiar with the Small Business Health Care Tax Credit for Small Employers? If your church or organization provides health insurance coverage for one or more full-time or part-time employees through the Brethren Medical Plan or another health insurance plan, it may qualify for this tax credit. Below are some helpful links that will guide you through the application process from the Internal Revenue Service's website, www.IRS.gov:

• IRS guide to the Small Business Health Care Tax Credit for Small Employerswww.irs.gov/uac/Small-Business-Health-Care-Tax-Credit-for-Small-Employers

• Examples of how this tax credit could work for your organizationwww.irs.gov/pub/irs-utl/small_business_health_care_tax_credit_scenarios.pdf

• Is your organization eligible?www.irs.gov/pub/irs-utl/3_simple_steps.pdf

• Form 8941, Credit for Small Employer Health Insurance Premiumswww.irs.gov/pub/irs-pdf/f8941.pdf

• Instructions for Form 8941www.irs.gov/pub/irs-pdf/i8941.pdf

• Form 990-T, Exempt Organization Business Income Tax Returnwww.irs.gov/pub/irs-pdf/f990t.pdf

• Instructions for Form 990-Twww.irs.gov/pub/irs-pdf/i990t.pdf

We hope your church or organization will benefit from this credit and be able to use those funds to further the mission of your congregation or organization. If you do reap the benefits of this tax credit, or if you have any questions, please let Brethren Benefit Trust know. Contact Tammy Chudy at 800-746-1505 ext. 372 or tchudy@cobbt.org.

Brethren Benefit Trust (BBT) does not provide tax advice to individuals or employers. The information in this notice is provided as part of Brethren Insurance Services' educational efforts. For updated forms, guidance, and instructions, individuals and employers should go to the IRS website at www.IRS.gov or consult with their individual tax or financial advisers.

Source: 2/7/2013 Newsline