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35% health insurance tax credit for S corp. and/or LLC's


Guest cjsmith
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Guest cjsmith

Hi,

How does an S corp/LLC get the 35% healthcare reform insurance credit? Provided that they meet the requirements for the credit, how can they receive it? Since an S corp (or even LLC's taxed as a partnership) are not taxed at the federal level, how is the credit claimed? Instead the corp. income is passed thru to the owners that then claim it on their individual fed. tax returns.

An individual who is well-versed in the bill explained that these types of companies can still attain the credit. I just do not know how it is claimed.

Thanks.

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