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Title 26 — Internal Revenue CodeRelease 119-73not60

§6050T Returns Relating to Credit for Health Insurance Costs of Eligible Individuals

Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 61— INFORMATION AND RETURNS › Subchapter A— Returns and Records › Part III— INFORMATION RETURNS › Subpart B— Information Concerning Transactions With Other Persons › § 6050T

Last updated Apr 5, 2026|Official source

Summary

People who get any monthly payments under section 7527 for a certified individual (see section 7527(c)) must file a form, at the time the Secretary tells them, for each such individual. The form must be in the format the Secretary allows and must show the individual's name, address, tax ID (TIN), how many months were paid, the amount for each month, and any other details the Secretary requires. Those who file must also give each named individual a written statement with the filer’s name and address, a phone number for questions, and the same information about that individual that appears on the filed form.

Full Legal Text

Title 26, §6050T

Internal Revenue Code — Source: USLM XML via OLRC

(a)Every person who is entitled to receive payments for any month of any calendar year under section 7527 (relating to advance payment of credit for health insurance costs of eligible individuals) with respect to any certified individual (as defined in section 7527(c)) shall, at such time as the Secretary may prescribe, make the return described in subsection (b) with respect to each such individual.
(b)A return is described in this subsection if such return—
(1)is in such form as the Secretary may prescribe, and
(2)contains—
(A)the name, address, and TIN of each individual referred to in subsection (a),
(B)the number of months for which amounts were entitled to be received with respect to such individual under section 7527 (relating to advance payment of credit for health insurance costs of eligible individuals),
(C)the amount entitled to be received for each such month, and
(D)such other information as the Secretary may prescribe.
(c)Every person required to make a return under subsection (a) shall furnish to each individual whose name is required to be set forth in such return a written statement showing—
(1)the name and address of the person required to make such return and the phone number of the information contact for such person, and
(2)the information required to be shown on the return with respect to such individual.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 107–210, div. A, title II, § 202(e), Aug. 6, 2002, 116 Stat. 963, provided that: “The

Amendments

made by this section [enacting this section and section 7527 of this title and amending section 6103, 6724, and 7213A of this title] shall take effect on the date of the enactment of this Act [Aug. 6, 2002].”

Construction

Nothing in title II of Pub. L. 107–210 or the

Amendments

by that title, other than provisions relating to COBRA continuation coverage and reporting requirements, to be construed as creating a new mandate on any party regarding health insurance coverage, see section 203(f) of Pub. L. 107–210, set out as a note under section 35 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6050T

Title 26 — Internal Revenue Code

Last Updated

Apr 5, 2026

Release point: 119-73not60