Instructions for IRS Form 1099-h - Health Coverage Tax Credit (Hctc) Advance Payments 2019

December 31, 2019 "Instructions For Irs Form 1099-h - Health Coverage Tax Credit (hctc) Advance Payments" contain the latest filing requirements 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.

ADVERTISEMENT
2019
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
section 7527 to file Forms 1099-H to report those advance
unless otherwise noted.
payments and to furnish a statement reporting that
information to the recipient.
Future Developments
However, Notice 2004-47, 2004-29 I.R.B. 48, available
For the latest information about developments related to
at IRS.gov/irb/2004-29_IRB, provides that the IRS HCTC
Form 1099-H and its instructions, such as legislation
Program (formerly the IRS HCTC Transaction Center), as
enacted after they were published, go to
IRS.gov/
an administrator of the HCTC, will file the required returns
Form1099H.
and furnish statements to the recipients unless you elect
Reminders
to file and furnish information returns and statements on
your own. Contact the HCTC Program for this purpose by
General instructions. In addition to these specific
emailing the HCTC Program at
instructions, you should also use the 2019
General
wi.hctc.stakehldr.en@irs.gov. Unless you notify the HCTC
Instructions for Certain Information
Returns. Those
Program of your intent to file information returns and
general instructions include information about the
furnish statements, you will be considered to have elected
following topics.
to have the HCTC Program file Form 1099-H and furnish
Backup withholding.
statements to recipients in satisfying section 6050T filing
Electronic reporting.
and furnishing requirements.
Penalties.
Who must file.
How To File
When and where to file.
For filing with the IRS, see part E in the 2019 General
Taxpayer identification numbers (TINs).
Instructions for Certain Information Returns and Pub.
Statements to recipients.
1220.
Corrected and void returns.
Other general topics.
Statements to Recipients
You can get the general instructions from
General
If you are required to file Form 1099-H, a statement must
Instructions for Certain Information Returns
at
IRS.gov/
be furnished to the recipient. The HCTC Program will
1099GeneralInstructions
or go to IRS.gov/Form1099H.
furnish a copy of Form 1099-H or an acceptable substitute
statement to each recipient on your behalf, unless you
Online fillable form. Due to the very low volume of
elect to file Form 1099-H and furnish the copy or
paper Forms 1099-H received and processed by the IRS
substitute statement yourself. If you make this election,
each year, this form has been converted to an online
you may fill out the form, found online at
IRS.gov/
fillable format. You may fill out the form, found online at
Form1099H, and send Copy B to the recipient. See part J
IRS.gov/Form1099H, and send Copy B to the recipient.
in the 2019 General Instructions for Certain Information
For filing with the IRS, follow your usual procedures for
Returns.
filing electronically if you are filing 250 or more forms. If
you are filing this form on paper due to a low volume of
Truncating recipient‘s TIN on recipient statements.
recipients, for this form only, you may send in the
Pursuant to Treasury Regulations section 301.6109-4, all
black-and-white Copy A with a Form 1096 that you print
filers of this form may truncate a recipient’s TIN (social
from the IRS website.
security number (SSN), individual taxpayer identification
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 2019
during the calendar year of qualified health insurance
General Instructions for Certain Information Returns.
payments for the benefit of recipients of eligible trade
adjustment assistance (TAA), Alternative TAA (ATAA),
Expired ITINs may continue to be used for
Reemployment TAA (RTAA); or Pension Benefit Guaranty
information return purposes regardless of whether
!
Corporation (PBGC) payees, and their qualifying family
they have expired for individual income tax return
CAUTION
members. These individuals are referred to in these
filing purposes. See part J in the 2019 General
instructions as recipients.
Instructions for Certain Information Returns.
Who Must File
Waiver of penalties. Section 6724(a) authorizes the IRS
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
Sep 06, 2018
Cat. No. 35080G
2019
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
section 7527 to file Forms 1099-H to report those advance
unless otherwise noted.
payments and to furnish a statement reporting that
information to the recipient.
Future Developments
However, Notice 2004-47, 2004-29 I.R.B. 48, available
For the latest information about developments related to
at IRS.gov/irb/2004-29_IRB, provides that the IRS HCTC
Form 1099-H and its instructions, such as legislation
Program (formerly the IRS HCTC Transaction Center), as
enacted after they were published, go to
IRS.gov/
an administrator of the HCTC, will file the required returns
Form1099H.
and furnish statements to the recipients unless you elect
Reminders
to file and furnish information returns and statements on
your own. Contact the HCTC Program for this purpose by
General instructions. In addition to these specific
emailing the HCTC Program at
instructions, you should also use the 2019
General
wi.hctc.stakehldr.en@irs.gov. Unless you notify the HCTC
Instructions for Certain Information
Returns. Those
Program of your intent to file information returns and
general instructions include information about the
furnish statements, you will be considered to have elected
following topics.
to have the HCTC Program file Form 1099-H and furnish
Backup withholding.
statements to recipients in satisfying section 6050T filing
Electronic reporting.
and furnishing requirements.
Penalties.
Who must file.
How To File
When and where to file.
For filing with the IRS, see part E in the 2019 General
Taxpayer identification numbers (TINs).
Instructions for Certain Information Returns and Pub.
Statements to recipients.
1220.
Corrected and void returns.
Other general topics.
Statements to Recipients
You can get the general instructions from
General
If you are required to file Form 1099-H, a statement must
Instructions for Certain Information Returns
at
IRS.gov/
be furnished to the recipient. The HCTC Program will
1099GeneralInstructions
or go to IRS.gov/Form1099H.
furnish a copy of Form 1099-H or an acceptable substitute
statement to each recipient on your behalf, unless you
Online fillable form. Due to the very low volume of
elect to file Form 1099-H and furnish the copy or
paper Forms 1099-H received and processed by the IRS
substitute statement yourself. If you make this election,
each year, this form has been converted to an online
you may fill out the form, found online at
IRS.gov/
fillable format. You may fill out the form, found online at
Form1099H, and send Copy B to the recipient. See part J
IRS.gov/Form1099H, and send Copy B to the recipient.
in the 2019 General Instructions for Certain Information
For filing with the IRS, follow your usual procedures for
Returns.
filing electronically if you are filing 250 or more forms. If
you are filing this form on paper due to a low volume of
Truncating recipient‘s TIN on recipient statements.
recipients, for this form only, you may send in the
Pursuant to Treasury Regulations section 301.6109-4, all
black-and-white Copy A with a Form 1096 that you print
filers of this form may truncate a recipient’s TIN (social
from the IRS website.
security number (SSN), individual taxpayer identification
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 2019
during the calendar year of qualified health insurance
General Instructions for Certain Information Returns.
payments for the benefit of recipients of eligible trade
adjustment assistance (TAA), Alternative TAA (ATAA),
Expired ITINs may continue to be used for
Reemployment TAA (RTAA); or Pension Benefit Guaranty
information return purposes regardless of whether
!
Corporation (PBGC) payees, and their qualifying family
they have expired for individual income tax return
CAUTION
members. These individuals are referred to in these
filing purposes. See part J in the 2019 General
instructions as recipients.
Instructions for Certain Information Returns.
Who Must File
Waiver of penalties. Section 6724(a) authorizes the IRS
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
Sep 06, 2018
Cat. No. 35080G
furnish a copy of Form 1099-H or an acceptable substitute
the period January 1, 2019, through December 31, 2019.
statement to each recipient on your behalf, unless you
The amount received for 2019 cannot exceed 72.5% of
elect to file Form 1099-H and furnish the copy or
the total health insurance premium for the individual.
substitute statement yourself. The IRS will not assert the
Box 2—No. of Mos. HCTC Payments Received
penalties imposed by sections 6721 and 6722 for
information returns and statements required to be filed
Enter the number of months payments were received on
and furnished under section 6050T against you if you
behalf of the recipient. This number cannot be more than
allow the HCTC Program to file and furnish Forms
12.
1099-H. If you elect not to allow the HCTC Program to file
Boxes 3 Through 14—Amount of Advance
and furnish Forms 1099-H, the general rules for seeking a
Payment(s) Included in Box 1
penalty waiver under section 6724(a) apply. See
Regulations section 301.6724-1. For more information on
Enter the amount of the advance payment received for
penalties, see part O in the 2019 General Instructions for
each month in the applicable box. You may receive these
Certain Information Returns.
payments prior to the month for which they are paid. Be
sure to enter the amounts in the correct box.
Box 1—Amount of HCTC Advance Payments
Enter the total amount of advance payments of health
insurance premiums received on behalf of the recipient for
-2-
Instructions for Form 1099-H (2019)

Download Instructions for IRS Form 1099-h - Health Coverage Tax Credit (Hctc) Advance Payments 2019

611 times
Rate
4.3(4.3 / 5) 31 votes
ADVERTISEMENT
Page of 2