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IRS Form: Credit for Small Employer Pension Plan Startup Costs Comments Requested (IRC §45E)

Sept. 16, 2021, 5:00 AM

Comments requested on Form 8881, Credit for Small Employer Pension Plan Startup Costs, implementing tax code Section 45E, which provides a credit based on costs incurred by an employer in establishing or administering an eligible employer plan or for the retirement-related education of employees with respect to the plan. The credit is 50% of the qualified costs for the tax year, up to a maximum credit of $500 for the first tax year and each of the two subsequent tax years. There are no changes being made to the form, the IRS stated. Comments are ...

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