1099-H Form (Health Coverage Tax Credit (HCTC) Advance Payments)

Purpose of Filing Form 1099-H

File Form 1099-H if you received any advance payments during the calendar year of qualified health insurance payments for the benefit of eligible trade adjustment assistance (TAA), Alternative TAA (ATAA), Reemployment TAA (RTAA), or Pension Benefit Guaranty Corporation (PBGC) pension recipients and their qualifying family members.

Who must file?

Section 6050T requires that if you are a provider of qualified health insurance coverage (defined in section 35(e)) and you receive advance payments from the Department of the Treasury on behalf of eligible recipients pursuant to section 7527, you must file Forms 1099-H to report those advance payments. You must also furnish a statement reporting that information to the eligible recipient.

Due Dates

Furnish Copy B of this form to the recipient by January 31. File Copy A of this form with the IRS electronically by April 1.