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Form 1095-C: Employer-Provided Health Insurance Offer and Coverage is an Internal Revenue Service (IRS) tax form reporting information about an employee's health coverage offered by an Applicable Large Employer (ALE). ALEs typically have 50 or more full-time employees.
Information from this form also helps determine a taxpayer's eligibility for credits, such as the premium tax credit.
This form is provided by Applicable Large Employers to full-time employees who have been working for one or more months of the calendar year. ALE members must report that information for all 12 months or the entire calendar year for each employee.
The premium tax credit is a refundable tax credit payable by the IRS to eligible individuals and families and helps them cover the premiums for their health insurance purchased through the Health Insurance Marketplace.
Form 1095-C is a reference document that is not completed by the taxpayer. It is not filed with a tax return. Instead, it should be kept with the taxpayer's records.
Form 1095-C is available on the IRS website.
If Parts I and II are the only sections filled, the employee may also receive a Form 1095-B: Health Coverage, which provides proof of coverage from the insurer chosen by the employer.
Form 1095-B is used by employers to report information to the IRS and to taxpayers about individuals covered by minimum essential coverage and who are not liable for the individual shared responsibility payment.
An individual who obtains health insurance through a Health Insurance Marketplace carrier will receive Form 1095-A: Health Insurance Marketplace Statement. Form 1095-A does not have to be returned to the government. It simply serves as a record of the individual's health care coverage. It includes information such as the effective date of the coverage, the premium amounts paid monthly, and any advance payments of the premium tax credit or subsidy.
Form 1095-C provides information about the health coverage offered by your employer and about whether you enrolled in this coverage. You can use Form 1095-C to help determine your eligibility for the premium tax credit.
You don't need to include your 1095-C with your tax return or send it to the IRS, but you may use information from the form to help complete your tax return.
Form 1095-C is provided by your employer (if it has 50 or more full-time employees.) It is also available on the IRS website.
You can find the specific instructions for 1095-C on the IRS website. Note, though, that the information required will be filled in by your employer.
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Description Related TermsUnrecaptured Section 1250 gain relates to an IRS tax rule directing that depreciation be recaptured when a gain is realized on the sale of depreciable real estate.
A deferred tax liability is a line item on a balance sheet that indicates that taxes in a certain amount have not been paid but are due in the future.
Use tax is a type of sales tax applied to purchases that will be used in one’s state of residence and on which no tax was collected in the state of purchase.
A widow(er)'s exemption is one of several forms of state or federal tax relief available to a surviving spouse in the period following their spouse's death.
A filing extension is an exemption made for taxpayers who are unable to file their federal tax return by the regular due date.
The Smith Maneuver is a Canadian tax strategy that makes interest on a residential mortgage tax-deductible. Borrowers need a readvanceable mortgage to use it.
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