Internal Revenue Bulletin: 2012-24 |
June 11, 2012 |
Table of Contents
- Highlights of This Issue
- Preface
- Part I. Rulings and Decisions Under the Internal Revenue Code
of 1986
- T.D. 9590
- AGENCY:
- ACTION:
- SUMMARY:
- DATES:
- ADDRESSES:
- FOR FURTHER INFORMATION CONTACT:
- SUPPLEMENTARY INFORMATION:
- Paperwork Reduction Act
- Background
- Explanation of Provisions and Summary of Comments
- 1. Premium Tax Credit Definitions
- a. Family size
- b. Requirement to file a return for purposes of household income
- c. Modified adjusted gross income
- d. Lawfully present
- e. Federal poverty line
- f. Federally-facilitated Exchange
- g. Rating area
- 2. Eligibility for the Premium Tax Credit
- a. Applicable taxpayer
- b. Incarceration
- c. Minimum essential coverage
- i. Government-Sponsored Coverage
- A. Time of eligibility
- B. Definition of “eligible”
- C. Eligibility for limited benefits
- D. Medicare eligibility
- E. Indian Health Service
- ii. Employer-Sponsored Coverage
- A. Affordability
- B. Affordability safe harbor
- C. Eligibility during a waiting period
- D. Minimum value
- E. Individuals enrolled in coverage
- iii. Nondependent Eligibility for Minimum Essential Coverage
- 3. Computing the Premium Tax Credit
- a. Definition of coverage month
- b. Third-party payments
- c. Adjusted monthly premium
- d. Applicable benchmark plan
- i. In General
- ii. Families Not Covered by One Applicable Benchmark Plan
- iii. Plans Closed to Enrollment
- iv. Changes Affecting Applicable Benchmark Plan
- e. Combining qualified health plan premiums with premiums for other coverage
- f. Pediatric dental coverage
- g. Families with individuals not lawfully present
- 4. Reconciling the Credit and Advance Credit Payments
- a. Months for which an issuer does not provide coverage
- b. Changes in circumstances
- c. Changes in filing status
- i. Taxpayers Who Marry During the Taxable Year
- ii. Taxpayers Whose Marital Status Changes from Married to Single During the Taxable Year
- iii. Married Taxpayers Filing Separately
- 5. Information Reporting
- 6. American Indians/Alaska Natives
- 7. Effective/Applicability Date
- Special Analyses
- Comments
- Adoption of Amendments to the Regulations
- Drafting Information
- Rev. Rul. 2012-14
- T.D. 9590
- Part III. Administrative, Procedural, and Miscellaneous
- Notice 2012-37
- Notice 2012-38
- PURPOSE
- BACKGROUND
- REQUESTS FOR COMMENT
- 1. Electronic Media other than those described in Revenue Ruling 2006-57
- 2. Definition of “readily available”
- 3. Transitions from paper transit system vouchers to electronic vouchers or to bona fide cash reimbursement systems.
- 4. Application of bona fide reimbursement arrangement requirements in context of electronic media.
- REQUEST FOR COMMENTS
- DRAFTING INFORMATION
- Definition of Terms and Abbreviations
- Numerical Finding List
- Effect of Current Actions on Previously Published Items
- How to get the Internal Revenue Bulletin
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