HCTT 2016-36: Keep your Health Insurance Documents with Your Tax Records
Internal Revenue Service (IRS) sent this bulletin at 03/24/2016 02:47 PM EDT
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Issue Number: HCTT 2016-36Inside This IssueKeep your Health Insurance Documents with Your Tax Records Gathering documents and keeping well-organized records make it easier to prepare a tax return. They can also help provide answers if the IRS needs to follow-up with you for more information. This year marks the first time that you may receive information forms about health insurance coverage. The information forms are:
You do not need to send these forms to IRS as proof of your health coverage. However, you should keep any documentation with your other tax records. This includes records of your family’s employer-provided coverage, premiums paid, and type of coverage. You should keep these – as you do other tax records – generally for three years after you file your tax return. When preparing 2015 tax returns, most people will simply have to check a box to indicate they and everyone on their tax return had health care coverage for the entire year. You will not need to file any additional forms, unless you are claiming the premium tax credit or a coverage exemption. In which case, you will use Form 8962, Premium Tax Credit, or Form 8965, Health Coverage Exemptions. For more information about the information forms, see our Questions and Answers on IRS.gov/aca. Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message. |