Information Reporting by
Applicable Large Employers on Health Insurance Coverage Offered
Under Employer-Sponsored Plans
Extension without change of a currently approved collection
No
Regular
08/27/2024
Requested
Previously Approved
36 Months From Approved
09/30/2024
123,234,664
105,400,006
26,890,001
22,600,002
0
0
This document contains previously
approved regulations providing guidance to employers that are
subject to the information reporting requirements under section
6056 of the Internal Revenue Code, enacted by the Patient
Protection and Affordable Care Act (P.L. 111-148 (124 Stat.119
(2010)). Section 6056 requires those employers to report to the IRS
information about their compliance with the employer shared
responsibility provisions of section 4980H of the Code and about
the health care coverage, if any, they have offered employees.
Section 6056 also requires those employers to furnish related
statements to employees in order that employees may use the
statements to help determine whether, for each month of the
calendar year, they can claim on their tax returns a premium tax
credit under section 36B of the Code (premium tax credit).
US Code:
26
USC 4980H Name of Law: Tax on reversion of qualified plan
assets to employer
US Code: 26
USC 6056 Name of Law: Information and Returns, Information
Regading Health Insurance Coverage
US Code: 26
USC 6055 Name of Law: Reporting Of Health Insurance
Coverage
There were no changes made to
the forms that resulted in any change to the burden previously
reported to OMB. However, the number of responses was updated based
on current filing data. This increases the number of responses by
17,834,658 and the burden hours by 4,289,999 annually due to Agency
Estimate.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.