Employer-Provided Long-Term Care Benefits Tax Credit Worksheet For Tax Year 2009 printable pdf download

EMPLOYER-PROVIDED LONG-TERM CARE BENEFIT

TAX CREDIT WORKSHEET FOR TAX YEAR 2009

36 MRSA § 5217-C

TAXPAYER NAME: _____________________________________ EIN/SSN: ________________

Note: Owners of pass-through entities (partnerships, LLCs, S corporations, trusts, etc.) making an eligible

investment, see instructions. Also, please provide name and ID number of the pass-through entity on the

lines below.

NAME OF PASS-THROUGH ENTITY

EIN/SSN

________________________________________________________________

____________________________

Number of employees with eligible long-term care insurance coverage provided

by the employer .....................................................................................................................1. __________________

Line 1 x $100 ..........................................................................................................................2. __________________

Costs incurred by the employer in providing eligible long-term care insurance

coverage for its employees during the taxable year ...............................................................3. __________________

Line 3 x 20% (0.20) .................................................................................................................4. __________________

Credit claimed. Enter the lowest of line 2, line 4 or $5,000 ....................................................5. __________________

Credit carried forward from previous tax years. See instructions ...........................................6. __________________

Total credit available this year (line 5 plus line 6). Corporate taxpayers, enter on

Form 1120ME, Schedule C, line 29d. Individual taxpayers, enter on Form 1040ME,

Schedule A, line 18 .................................................................................................................7. __________________

If this is the only Maine income tax credit you are claiming this year, complete lines 8 and 9. Otherwise, go to line 10.

8. Tax Liability. Enter the amount from Form 1120ME, line 7a or Form 1040ME,

Schedule A, line 20 .................................................................................................................8. __________________

9. Credit Used. Enter the lesser of line 7 or line 8 .....................................................................9. __________________

10. Carryforward amount available for future tax years:

If you completed lines 8 and 9, subtract line 9 from line 7.

If you did not complete lines 8 and 9, enter the amount from line 7 not

used on Form 1040ME, Schedule A or Form 1120ME, Schedule C as a result

of claiming other Maine credits and because the total of all credits claimed is

limited to the Maine tax liability ...................................................................................10. __________________

Rev. 11/09