MI Form 1099-H 2022-2025

MI Form 1099-H: What You Should Know

Am I required to file an amended return, and if so, when do I file it? a. Yes. Health Care coverage must be cancelled for at least one month in order be properly deemed to be cancelled in an “ordinary course of events.” When you receive the form and file your returns, we will issue an amended return. Q. Since I received my health care coverage cancellation form on or around December 22, my tax returns must begin to be filed as soon as possible. Is there any deadline for filing? a. Yes. The deadline for filing your Massachusetts Form 1099-HC is April 15, 2022. You should be able to file your return by then provided you don't file an amended return. Q. What about the 1099-I I received after paying my premium and filing Form 1095-B, Health Insurance Marketplace Payment Form? a. In general, you will get a 1099-P when you file your individual income tax return. The 1099-P should include information about any tax credits you may be eligible for; you will get that information in the 1099-R you get on Form 3921. Q. When did my health care coverage terminate? a. You should expect your health care coverage to terminate on or about December 31, 2021, and before April 15, 2022, for individual coverage. For business coverage: We provide a 1099-K that we issue to you when you file a Massachusetts Form 3921. This includes information about any tax credits and exemptions you are eligible for. Q. What do I need to know about tax liability as an alternative minimum taxable income (ANTI) recipient? If you are a health care professional serving the elderly and disabled in the state of Massachusetts from a participating organization, you and your employer are responsible for determining whether you or your spouse are eligible for ANTI tax credits and for paying any excess tax imposed by such eligibility. To determine whether you are eligible for ANTI tax credits, your financial statements and your tax returns will need to reflect your estimated annual income at the time services are rendered and any annual income adjustments. We have no way of knowing if you have ANTI tax credits. Therefore, we must assume that you are eligible and will issue you Form 1099-P and 1099-K when you file your income tax return for the year.

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