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Title 26, Internal Revenue CodeRelease 119-110

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

Title 26 › 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 Sep 22, 2026|Official source

Summary

Anyone who receives advance payments of the health insurance cost credit for any month in a year must file a report with the IRS when the IRS tells them to. The report must be on the form the IRS requires and show each covered person’s name, address, and tax ID (TIN); how many months were paid; the amount paid for each month; and any other details the IRS asks for. The filer must also give each named person a written statement with the filer’s name, address, and a phone number for questions, plus the same payment details shown on the report. That statement must be provided by January 31 of the year after the calendar year involved.

Full Legal Text

Title 26, §6050T

Internal Revenue Code, Source: USLM XML via OLRC

(a)Requirement of reporting
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)Form and manner of returns
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)Statements to be furnished to individuals with respect to whom information is required
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.
The written statement required under the preceding sentence shall be furnished on or before January 31 of the year following the calendar year for which the return under subsection (a) is required to be made.

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

Sep 22, 2026

Release point: 119-110