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Title 26 — Internal Revenue CodeRelease 119-73

§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 6, 2026|Official source

Summary

Anyone who receives advance payments of the health insurance tax credit on behalf of an eligible person must report it to the IRS. The return lists each covered individual's name, address, and taxpayer ID, the number of months payments were due, and the amount for each month. The filer must also send each person a written statement with the filer's name, address, and contact phone number plus the same information that went to the IRS.

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 6, 2026

Release point: 119-73