IRS Form 7206 – Self Employed Health Insurance Deduction
Form 7206 is included with a Form 1040 (US Individual Income Tax Return) to report a self-employed person's health insurance deduction for premiums paid.
How to Deduct S Corporation Health Insurance Premiums on IRS Form 1040
An S corporation shareholder is treated as a self-employed individual with respect to health insurance premiums paid by the S corporation. The premiums must generally be included in wages and reported on Form W-2.
How to File IRS Form 8962 for 2022 Premium Tax Credit
Some U.S. taxpayers who purchase eligible health insurance plans through the marketplace are eligible for a government subsidy to cover a portion of the premiums. The taxpayer must reconcile the amounts on Form 8962 with their Form 1040.
IRS Form 1040 E-File Rejection Notices – Forgot to Include Form 1095-A
Taxpayers that receive a Form 1095-A each year need to make sure they are reconciling their premium tax credit on Form 8962. If a taxpayer forgets to include Form 8962, the IRS may reject the federal tax return.