Instructions for IRS Form 1099-H Health Coverage Tax Credit (Hctc) Advance Payments 2018

December 31, 2018 "Instructions For Irs Form 1099-h - Health Coverage Tax Credit (hctc) Advance Payments" contain the updated filing procedures for the IRS-issued Form 1099-H. Download your copy of the instructions by clicking the link below.

IRS Form 1099-H is a tax form issued by the United States Internal Revenue Service.

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2018
Department of the Treasury
Internal Revenue Service
Instructions for Form 1099-H
Health Coverage Tax Credit (HCTC) Advance Payments
Section references are to the Internal Revenue Code
wi.hctc.stakehldr.en@irs.gov. Unless you notify the HCTC
unless otherwise noted.
Program of your intent to file information returns and
furnish statements, you will be considered to have elected
Future Developments
to have the HCTC Program file Form 1099-H and furnish
statements to recipients in satisfying section 6050T filing
For the latest information about developments related to
and furnishing requirements.
Form 1099-H and its instructions, such as legislation
enacted after they were published, go to
IRS.gov/
How To File
Form1099H.
For filing with the IRS, see part E in the 2018 General
Reminder
Instructions for Certain Information Returns and Pub.
1220.
General instructions. In addition to these specific
instructions, you should also use the 2018
General
Statements to Recipients
Instructions for Certain Information
Returns. Those
If you are required to file Form 1099-H, a statement must
general instructions include information about the
be furnished to the recipient. The HCTC Program will
following topics.
furnish a copy of Form 1099-H or an acceptable substitute
Backup withholding.
statement to each recipient on your behalf, unless you
Electronic reporting requirements.
elect to file Form 1099-H and furnish the copy or
Penalties.
substitute statement yourself. If you make this election,
Who must file (nominee/middleman).
you may fill out the form, found online at
IRS.gov/
When and where to file.
Form1099H, and send Copy B to the recipient. See part J
Taxpayer identification numbers (TINs).
in the 2018 General Instructions for Certain Information
Statements to recipients.
Returns.
Corrected and void returns.
Other general topics.
Truncating recipient‘s TIN on recipient statements.
Pursuant to Treasury Regulations section 301.6109-4, all
You can get the general instructions from
General
filers of this form may truncate a recipient’s TIN (social
Instructions for Certain Information Returns
at
IRS.gov/
security number (SSN), individual taxpayer identification
1099generalinstructions
or go to IRS.gov/Form1099H.
number (ITIN), or adoption taxpayer identification number
Specific Instructions
(ATIN)) on recipient statements. Truncation is not allowed
on any documents the filer files with the IRS. A filer’s TIN
File Form 1099-H if you received any advance payments
may not be truncated on any form. See part J in the 2018
during the calendar year of qualified health insurance
General Instructions for Certain Information Returns.
payments for the benefit of recipients of eligible trade
Expired ITINs may continue to be used for
adjustment assistance (TAA), Alternative TAA (ATAA),
information return purposes regardless of whether
!
Reemployment TAA (RTAA); or Pension Benefit Guaranty
they have expired for individual income tax return
Corporation (PBGC) payees, and their qualifying family
CAUTION
filing purposes. See part J in the 2018 General
members. These individuals are referred to in these
Instructions for Certain Information Returns.
instructions as recipients.
Waiver of penalties. Section 6724(a) authorizes the IRS
Who Must File
to waive any penalties under sections 6721 and 6722 for
Section 6050T requires providers of qualified health
failure to comply with the reporting requirements of
insurance coverage (defined in section 35(e)) that receive
section 6050T if such failures resulted from reasonable
advance payments of the HCTC from the Department of
cause and not willful neglect. The HCTC Program will
the Treasury on behalf of eligible recipients pursuant to
furnish a copy of Form 1099-H or an acceptable substitute
section 7527 to file Forms 1099-H to report those advance
statement to each recipient on your behalf, unless you
payments and to furnish a statement reporting that
elect to file Form 1099-H and furnish the copy or
information to the recipient.
substitute statement yourself. The IRS will not assert the
However, Notice 2004-47, 2004-29 I.R.B. 48, available
penalties imposed by sections 6721 and 6722 for
at IRS.gov/irb/2004-29_IRB, provides that the IRS HCTC
information returns and statements required to be filed
Program (formerly the IRS HCTC Transaction Center), as
and furnished under section 6050T against you if you
an administrator of the HCTC, will file the required returns
allow the HCTC Program to file and furnish Forms
and furnish statements to the recipients unless you elect
1099-H. If you elect not to allow the HCTC Program to file
to file and furnish information returns and statements on
and furnish Forms 1099-H, the general rules for seeking a
your own. Contact the HCTC Program for this purpose by
penalty waiver under section 6724(a) apply. See
emailing the HCTC Program at
Oct 20, 2017
Cat. No. 35080G
2018
Department of the Treasury
Internal Revenue Service
Instructions for Form 1099-H
Health Coverage Tax Credit (HCTC) Advance Payments
Section references are to the Internal Revenue Code
wi.hctc.stakehldr.en@irs.gov. Unless you notify the HCTC
unless otherwise noted.
Program of your intent to file information returns and
furnish statements, you will be considered to have elected
Future Developments
to have the HCTC Program file Form 1099-H and furnish
statements to recipients in satisfying section 6050T filing
For the latest information about developments related to
and furnishing requirements.
Form 1099-H and its instructions, such as legislation
enacted after they were published, go to
IRS.gov/
How To File
Form1099H.
For filing with the IRS, see part E in the 2018 General
Reminder
Instructions for Certain Information Returns and Pub.
1220.
General instructions. In addition to these specific
instructions, you should also use the 2018
General
Statements to Recipients
Instructions for Certain Information
Returns. Those
If you are required to file Form 1099-H, a statement must
general instructions include information about the
be furnished to the recipient. The HCTC Program will
following topics.
furnish a copy of Form 1099-H or an acceptable substitute
Backup withholding.
statement to each recipient on your behalf, unless you
Electronic reporting requirements.
elect to file Form 1099-H and furnish the copy or
Penalties.
substitute statement yourself. If you make this election,
Who must file (nominee/middleman).
you may fill out the form, found online at
IRS.gov/
When and where to file.
Form1099H, and send Copy B to the recipient. See part J
Taxpayer identification numbers (TINs).
in the 2018 General Instructions for Certain Information
Statements to recipients.
Returns.
Corrected and void returns.
Other general topics.
Truncating recipient‘s TIN on recipient statements.
Pursuant to Treasury Regulations section 301.6109-4, all
You can get the general instructions from
General
filers of this form may truncate a recipient’s TIN (social
Instructions for Certain Information Returns
at
IRS.gov/
security number (SSN), individual taxpayer identification
1099generalinstructions
or go to IRS.gov/Form1099H.
number (ITIN), or adoption taxpayer identification number
Specific Instructions
(ATIN)) on recipient statements. Truncation is not allowed
on any documents the filer files with the IRS. A filer’s TIN
File Form 1099-H if you received any advance payments
may not be truncated on any form. See part J in the 2018
during the calendar year of qualified health insurance
General Instructions for Certain Information Returns.
payments for the benefit of recipients of eligible trade
Expired ITINs may continue to be used for
adjustment assistance (TAA), Alternative TAA (ATAA),
information return purposes regardless of whether
!
Reemployment TAA (RTAA); or Pension Benefit Guaranty
they have expired for individual income tax return
Corporation (PBGC) payees, and their qualifying family
CAUTION
filing purposes. See part J in the 2018 General
members. These individuals are referred to in these
Instructions for Certain Information Returns.
instructions as recipients.
Waiver of penalties. Section 6724(a) authorizes the IRS
Who Must File
to waive any penalties under sections 6721 and 6722 for
Section 6050T requires providers of qualified health
failure to comply with the reporting requirements of
insurance coverage (defined in section 35(e)) that receive
section 6050T if such failures resulted from reasonable
advance payments of the HCTC from the Department of
cause and not willful neglect. The HCTC Program will
the Treasury on behalf of eligible recipients pursuant to
furnish a copy of Form 1099-H or an acceptable substitute
section 7527 to file Forms 1099-H to report those advance
statement to each recipient on your behalf, unless you
payments and to furnish a statement reporting that
elect to file Form 1099-H and furnish the copy or
information to the recipient.
substitute statement yourself. The IRS will not assert the
However, Notice 2004-47, 2004-29 I.R.B. 48, available
penalties imposed by sections 6721 and 6722 for
at IRS.gov/irb/2004-29_IRB, provides that the IRS HCTC
information returns and statements required to be filed
Program (formerly the IRS HCTC Transaction Center), as
and furnished under section 6050T against you if you
an administrator of the HCTC, will file the required returns
allow the HCTC Program to file and furnish Forms
and furnish statements to the recipients unless you elect
1099-H. If you elect not to allow the HCTC Program to file
to file and furnish information returns and statements on
and furnish Forms 1099-H, the general rules for seeking a
your own. Contact the HCTC Program for this purpose by
penalty waiver under section 6724(a) apply. See
emailing the HCTC Program at
Oct 20, 2017
Cat. No. 35080G
Regulations section 301.6724-1. For more information on
Boxes 3 Through 14—Amount of Advance
penalties, see part O in the 2018 General Instructions for
Payment(s) Included in Box 1
Certain Information Returns.
Enter the amount of the advance payment received for
each month in the applicable box. You may receive these
Box 1—Amount of HCTC Advance Payments
payments prior to the month for which they are paid. Be
Enter the total amount of advance payments of health
sure to enter the amounts in the correct box.
insurance premiums received on behalf of the recipient for
the period January 1, 2018, through December 31, 2018.
The amount received for 2018 cannot exceed 72.5% of
the total health insurance premium for the individual.
Box 2—No. of Mos. HCTC Payments Received
Enter the number of months payments were received on
behalf of the recipient. This number cannot be more than
12.
-2-
Instructions for Form 1099-H (2018)

Download Instructions for IRS Form 1099-H Health Coverage Tax Credit (Hctc) Advance Payments 2018

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