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Are HPAs required to create an IRS Form 1099-H for HCTC participants?

April 26, 2017create form hctc hpas IRS participants

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Are HPAs required to create an IRS Form 1099-H for HCTC participants?

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No. HPAs will not be required to create IRS Forms 1099-H for participants or report this information to the IRS. The HCTC Program will generate the IRS Form 1099-H and provide these statements to the taxpayers detailing the amount of monthly credit they received for each month of participation.