IRS Notices and Guidance 0214 - Notice 2015-09 and Revenue Procedure 2015-17
![IRS Notices and Guidance 0214 - Notice 2015-09 and Revenue Procedure 2015-17](/media/1747/taxing-subjects-archives.jpg?anchor=center&mode=crop&width=750&height=422&rnd=131667018280000000)
The IRS recently released information pertaining to premium tax credits and nonprofit health insurance users.
- Notice 2015-09 provides limited relief for taxpayers who have a balance due on their 2014 income tax return as a result of reconciling advance payments of the premium tax credit against the premium tax credit allowed on the tax return. Notice 2015-09 will be published in Internal Revenue Bulletin 2015-6 on February 9, 2015.
- Revenue Procedure 2015-17 sets forth procedures for issuing determination letters and rulings on the exempt status of qualified nonprofit health insurance issuers (QNHIIs). Revenue Procedure 2015-17 will be in IRB 2015-7, dated February 17, 2015.
Source: IRS documents as cited