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26 U.S.C. § 6050T — Returns relating to credit for health insurance costs of eligible individuals
Federal law — U.S. Code and appendices · legal_authorities
**(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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6050T
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Stable record: federal_law:legal_authorities:record_usc_0c83be724b63021d7c152f99
Source file: Laws/federal/codes/united-states-code/title-26/section-6050t-returns-relating-to-credit-for-health-insurance-costs-of-eligible-indivi--2da47d731f.md
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Passage SHA-256: 71d088468242329f80b602eab7863700d2ca166177deb7f539ed55460d9923ba
Source location: Title 26, Chapter 61, § 6050T; chapter-061-information-and-returns.md
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**(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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** Not later than the date that is 1 year after the date of the enactment of the Trade Adjustment Assistance Reauthorization Act of 2015, the Secretary shall establish a program for making payments on behalf of certified individuals to providers of qualified health insurance (as defined in section 35(e)) for such individuals.
**(b) Limitation on advance payments during any taxable year** The Secretary may make payments under subsection (a) only to the extent that the total amount of such payments made on behalf of any individual during the taxable year does not exceed 72.5 percent of the amount paid by the taxpayer for coverage of the taxpayer and qualifying family members under qualified health insurance for eligible coverage months beginning in the taxable year.
**(c) Certified individual** For purposes of this section, the term “certified individual” means any individual for whom a qualified health insurance costs credit eligibility certificate is in effect.
**(d) Qualified health insurance costs eligibility certificate**
(1) **In general** — For purposes of this section, the term “qualified health insurance costs eligibility certificate” means any written statement that an individual is an eligible individual (as defined in section 35(c)) if such statement provides such information as the Secretary may require for purposes of this section and—
(A) in the case of an eligible TAA recipient (as defined in section 35(c)(2)) or an eligible alternative TAA recipient (as defined in section 35(c)(3)), is certified by the Secretary of Labor (or by any other person or entity designated by the Secretary), or
(B) in the case of an eligible PBGC pension recipient (as defined in section 35(c)(4)), is certified by the Pension Benefit Guaranty Corporatio
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 7527
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** In the case of an individual, there shall be allowed as a credit against the tax imposed by subtitle A an amount equal to 72.5 percent of the amount paid by the taxpayer for coverage of the taxpayer and qualifying family members under qualified health insurance for eligible coverage months beginning in the taxable year.
**(b) Eligible coverage month** For purposes of this section—
(1) **In general** — The term “eligible coverage month” means any month if—
(A) as of the first day of such month, the taxpayer—
(i) is an eligible individual,
(ii) is covered by qualified health insurance, the premium for which is paid by the taxpayer,
(iii) does not have other specified coverage, and
(iv) is not imprisoned under Federal, State, or local authority, and
(B) such month begins more than 90 days after the date of the enactment of the Trade Act of 2002, and before January 1, 2022.
(2) **Joint returns** — In the case of a joint return, the requirements of paragraph (1)(A) shall be treated as met with respect to any month if at least 1 spouse satisfies such requirements.
**(c) Eligible individual** For purposes of this section—
(1) **In general** — The term “eligible individual” means—
(A) an eligible TAA recipient,
(B) an eligible alternative TAA recipient, and
(C) an eligible PBGC pension recipient.
(2) **Eligible TAA recipient**
(A) *In general* — Except as provided in subparagraph (B), the term “eligible TAA recipient” means, with respect to any month, any individual who is receiving for any day of such month a trade readjustment allowance under chapter 2 of title II of the Trade Act of 1974 or who would be eligible to receive such allowance if section 231 of such Act were applied without regard to subsection (a)(3)(
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 35
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Federal law — U.S. Code and appendices · legal_authorities
Page 3394
TITLE 26—INTERNAL REVENUE CODE
§ 6050T
‘‘(2) which is engaged in a trade or business and
which, in the course of such trade or business—
‘‘(A) makes payments during any calendar year to
any individual which constitutes reimbursements
or refunds (or similar amounts) of qualified tuition
and related expenses of such individual, or
‘‘(B) except as provided in regulations, receives
from any individual interest aggregating $600 or
more for any calendar year on 1 or more qualified
education loans,
shall make the return described in subsection (b) with
respect to the individual at such time as the Secretary
may by regulations prescribe.’’
Subsec. (b)(2)(C)(ii). Pub. L. 105–206, § 3712(a)(1), added
cl. (ii). Former cl. (ii) redesignated (iii).
Subsec. (b)(2)(C)(iii). Pub. L. 105–206, § 3712(a)(1), (2),
redesignated cl. (ii) as (iii) and inserted ‘‘by the person
making such return’’ after ‘‘year’’. Former cl. (iii) re-
designated (iv).
Subsec. (b)(2)(C)(iv). Pub. L. 105–206, § 3712(a)(1), (3),
redesignated cl. (iii) as (iv) and inserted ‘‘and’’ at end.
Subsec. (d)(2). Pub. L. 105–206, § 3712(b)(1), struck out
‘‘aggregate’’ before ‘‘amounts’’.
Subsec. (e). Pub. L. 105–206, § 3712(b)(2), inserted
‘‘(without regard to subsection (g)(2) thereof)’’ after
‘‘section 25A’’.
1997—Subsec. (a)(2). Pub. L. 105–34, § 202(c)(1), amended
par. (2) generally. Prior to amendment, par. (2) read as
follows: ‘‘which is engaged in a trade or business and
which, in the course of such trade or business, makes
payments during any calendar year to any individual
which constitute reimbursements or refunds (or similar
amounts) of qualified tuition and related expenses of
such individual,’’.
Subsec. (b)(2)(A). Pub. L. 105–34, § 202(c)(2)(A), inserted
‘‘or interest’
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6050T
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.