N-2014-76 & RP-2014-62
Internal Revenue Service (IRS) sent this bulletin at 11/21/2014 04:18 PM EST
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Issue Number: N-2014-76 & RP-2014-62Inside This IssueNotice 2014-76 provides a list of the § 5000A hardship exemptions that taxpayers may claim on a Federal income tax return without obtaining a hardship exemption certification from the Marketplace. Revenue Procedure 2014-62 announces the indexed applicable percentage table in § 36B(b)(3)(A) of the Internal Revenue Code, which is used to calculate an individual’s premium tax credit for taxable years beginning after calendar year 2015. It also announces the indexed required contribution percentage in § 36B(c)(2)(C)(i)(II) used to determine whether an individual is eligible for affordable employer-sponsored minimum essential coverage for purposes of § 36B for plan years beginning after calendar year 2015. Finally, Revenue Procedure 2014-62 cross-references the required contribution percentage, as determined under guidance issued by the Department of Health and Human Services, used to determine whether an individual is eligible for an exemption from the individual shared responsibility payment because of a lack of affordable minimum essential coverage under § 5000A(e)(1)(A) for plan years beginning after calendar year 2015. Notice 2014-76 and Revenue Procedure 2014-62 will appear in Internal Revenue Bulletin 2014-50 dated Dec. 8, 2014. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |