Information Reporting by Applicable Large Employers on Health Insurance Coverage Offered Under Employer-Sponsored Plans

ICR 202404-1545-018

OMB: 1545-2251

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Form
Modified
Form
Modified
Supporting Statement A
2024-08-07
IC Document Collections
IC ID
Document
Title
Status
214083 Modified
214082 Modified
210443 Modified
ICR Details
1545-2251 202404-1545-018
Received in OIRA 202105-1545-003
TREAS/IRS
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
  
None

Not associated with rulemaking

  89 FR 32526 04/26/2024
89 FR 68703 08/27/2024
No

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 123,234,664 105,400,006 0 0 17,834,658 0
Annual Time Burden (Hours) 26,890,001 22,600,002 0 0 4,289,999 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
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.

$195,350
No
    Yes
    Yes
Yes
No
No
No
Juanita Torres 737 800-4095 juanita.m.torres@irs.gov

  No

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.
08/27/2024


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