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2009 taxes Publication 4492-B - Introductory Material Table of Contents Introduction Useful Items - You may want to see: Introduction This publication explains the major provisions of the Heartland Disaster Tax Relief Act of 2008 that apply only to the Midwestern disaster areas. 2009 taxes Other benefits that may apply to taxpayers in Midwestern disaster areas are covered in Publication 547, Casualties, Disasters, and Thefts. 2009 taxes Be sure to read both publications. 2009 taxes Useful Items - You may want to see: Publication 526 Charitable Contributions 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 547 Casualties, Disasters, and Thefts 946 How To Depreciate Property 4492-A Information for Taxpayers Affected by the May 4, 2007, Kansas Storms and Tornadoes Form (and Instructions) 4506 Request for Copy of Tax Return 4506-T Request for Transcript of Tax Return 4684 Casualties and Thefts 5884-A Credits for Affected Midwestern Disaster Area Employers 8863 Education Credits (American Opportunity, Hope, and Lifetime Learning Credits) 8914 Exemption Amount for Taxpayers Housing Midwestern Displaced Individuals 8930 Qualified Disaster Recovery Assistance Retirement Plan Distributions and Repayments Prev Up Next Home More Online Publications
Affordable Care Act Topics
Individual Shared Responsibility Provision – Calculating the Payment
The individual shared responsibility provision requires you and each member of your family to either have basic health insurance coverage (also known as minimum essential coverage), qualify for an exemption, or make an individual shared responsibility payment when you file your federal income tax return. It is important to remember that choosing to make the individual shared responsibility payment instead of purchasing minimum essential coverage means you will also have to pay the entire cost of all your medical care. You won't be protected from the kind of very high medical bills that can sometimes lead to bankruptcy.
If you must make an individual shared responsibility payment with your return, the annual payment amount is the greater of a percentage of your household income or a flat dollar amount, but is capped at the national average premium for a bronze level health plan available through the Marketplace. You will owe 1/12th of the annual payment for each month you or your dependent(s) don’t have either coverage or an exemption.
For 2014, the annual payment amount is:
- The greater of:
- 1 percent of your household income that is above the tax return filing threshold for your filing status, or
- Your family’s flat dollar amount, which is $95 per adult and $47.50 per child, limited to a family maximum of $285,
- But capped at the cost of the national average premium for a bronze level health plan available through the Marketplace in 2014.
Calculating your payment requires you to know your household income and your tax return filing threshold.
Household income is the adjusted gross income from your tax return plus any excludible foreign earned income and tax-exempt interest you receive during the taxable year. Household income also includes the incomes of all of your dependents who are required to file tax returns.
Tax return filing threshold is the amount of gross income an individual of your age and with your filing status (e.g., single, married filing jointly, head of household) must make to be required to file a tax return.
2014 Federal Tax Filing Requirement Thresholds
||Must File a Return If Gross Income Exceeds
||65 or older
|Head of Household
||65 or older
|Married Filing Jointly
||Under 65 (both spouses)
||65 or older (one spouse)
||65 or older (both spouses)
|Married Filing Separately
|Qualifying Widow(er) with Dependent Children
||65 or older
In the examples below, we assume that the payment amounts do not exceed the national average premium for bronze level coverage for the individuals involved. These examples are used only to represent the mechanics of calculating the payment and are not estimates of current or future health insurance premium costs. For information on the cost of bronze level plans, visit HealthCare.gov.
Example 1: Single individual with $40,000 income
Jim, an unmarried individual with no dependents, does not have minimum essential coverage for any month during 2014 and does not qualify for an exemption. For 2014, Jim’s household income is $40,000 and his filing threshold is $10,150.
To determine his payment using the income formula, subtract $10,150 (filing threshold) from $40,000 (2014 household income). The result is $29,850. One percent of $29,850 equals $298.50.
- Jim’s flat dollar amount is $95.
Because $298.50 is greater than $95 (and is less than the national average premium for bronze level coverage for 2014), Jim’s shared responsibility payment for 2014 is $298.50, or $24.87 for each month he is uninsured (1/12 of $298.50 equals $24.87).
Jim will make his shared responsibility payment for the months he was uninsured when he files his 2014 income tax return, which is due in April 2015.
Example 2: Married couple with 2 children, $70,000 income
Eduardo and Julia are married and have two children under 18. They do not have minimum essential coverage for any family member for any month during 2014 and no one in the family qualifies for an exemption. For 2014, their household income is $70,000 and their filing threshold is $20,300.
To determine their payment using the income formula, subtract $20,300 (filing threshold) from $70,000 (2014 household income). The result is $49,700. One percent of $49,700 equals $497.
- Eduardo and Julia’s flat dollar amount is $285, or $95 per adult and $47.50 per child. The total of $285 is the flat dollar amount in 2014.
Because $497 is greater than $285 (and is less than the national average premium for bronze level coverage for 2014), Eduardo and Julia’s shared responsibility payment is $497 for 2014, or $41.41 per month for each month the family is uninsured (1/12 of $497 equals $41.41).
Page Last Reviewed or Updated: 24-Mar-2014
The 2009 Taxes
2009 taxes 3. 2009 taxes Environmental Taxes Table of Contents Oil Spill Liability Tax ODCs Imported Taxable Products Floor Stocks Tax Environmental taxes are imposed on crude oil and petroleum products (oil spill liability), the sale or use of ozone-depleting chemicals (ODCs), and imported products containing or manufactured with ODCs. 2009 taxes In addition, a floor stocks tax is imposed on ODCs held on January 1 by any person (other than the manufacturer or importer of the ODCs) for sale or for use in further manufacture. 2009 taxes Figure the environmental tax on Form 6627. 2009 taxes Enter the tax on the appropriate lines of Form 720 and attach Form 6627 to Form 720. 2009 taxes For environmental tax purposes, United States includes the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, any possession of the United States, the Commonwealth of the Northern Mariana Islands, the Trust Territory of the Pacific Islands, the continental shelf areas (applying the principles of section 638), and foreign trade zones. 2009 taxes No one is exempt from the environmental taxes, including the federal government, state and local governments, Indian tribal governments, and nonprofit educational organizations. 2009 taxes Oil Spill Liability Tax The oil spill liability tax is reported on Form 6627, Environmental Taxes, and Form 720, Quarterly Federal Excise Tax Return (IRS Nos. 2009 taxes 18 and 21). 2009 taxes The oil spill liability tax rate is $. 2009 taxes 08 per barrel and generally applies to crude oil received at a U. 2009 taxes S. 2009 taxes refinery and to petroleum products entered into the United States for consumption, use, or warehousing. 2009 taxes The tax also applies to certain uses and the exportation of domestic crude oil. 2009 taxes Crude oil includes crude oil condensates and natural gasoline. 2009 taxes Petroleum products include crude oil, refined and residual oil, and other liquid hydrocarbon refinery products. 2009 taxes Crude oil. 2009 taxes Tax is imposed on crude oil when it is received at a United Sates refinery. 2009 taxes The operator of the refinery is liable for the tax. 2009 taxes Tax is imposed on domestic crude oil used or exported before it is received at a United States refinery. 2009 taxes However, the use of crude oil for extracting oil or natural gas on the premises where such crude oil was produced is not taxable. 2009 taxes The user or exporter is liable for the tax. 2009 taxes Imported petroleum products. 2009 taxes Tax is imposed on petroleum products when they enter the United States for consumption, use, or warehousing. 2009 taxes The person entering the petroleum product into the country is liable for the tax, including the tax on imported crude oil, even if it is subsequently received at a U. 2009 taxes S. 2009 taxes refinery. 2009 taxes Tax is imposed only once on any imported petroleum product. 2009 taxes Thus, the operator of a U. 2009 taxes S. 2009 taxes refinery that receives imported crude oil must establish that the petroleum tax has already been imposed on such crude oil in order not to be liable for the tax. 2009 taxes ODCs For a list of the taxable ODCs and tax rates, see the Form 6627 instructions. 2009 taxes Taxable event. 2009 taxes Tax is imposed on an ODC when it is first used or sold by its manufacturer or importer. 2009 taxes The manufacturer or importer is liable for the tax. 2009 taxes Use of ODCs. 2009 taxes You use an ODC if you put it into service in a trade or business or for the production of income. 2009 taxes Also, an ODC is used if you use it in the making of an article, including incorporation into the article, chemical transformation, or release into the air. 2009 taxes The loss, destruction, packaging, repackaging, or warehousing of ODCs is not a use of the ODC. 2009 taxes The creation of a mixture containing an ODC is treated as a taxable use of the ODC contained in the mixture. 2009 taxes An ODC is contained in a mixture only if the chemical identity of the ODC is not changed. 2009 taxes Generally, tax is imposed when the mixture is created and not on its sale or use. 2009 taxes However, you can choose to have the tax imposed on its sale or use by checking the appropriate box on Form 6627. 2009 taxes You can revoke this choice only with IRS consent. 2009 taxes The creation of a mixture for export or for use as a feedstock is not a taxable use of the ODCs contained in the mixture. 2009 taxes Exceptions. 2009 taxes The following may be exempt from the tax on ODCs. 2009 taxes Metered-dose inhalers. 2009 taxes Recycled ODCs. 2009 taxes Exported ODCs. 2009 taxes ODCs used as feedstock. 2009 taxes Metered-dose inhalers. 2009 taxes There is no tax on ODCs used or sold for use as propellants in metered-dose inhalers. 2009 taxes For a sale to be nontaxable, you must obtain from the purchaser an exemption certificate that you rely on in good faith. 2009 taxes The certificate must be in substantially the form as the sample certificate set forth in Regulations section 52. 2009 taxes 4682-2(d)(5). 2009 taxes The certificate may be included as part of the sales documentation. 2009 taxes Keep the certificate with your records. 2009 taxes Recycled ODCs. 2009 taxes There is no tax on any ODC diverted or recovered in the United States as part of a recycling process (and not as part of the original manufacturing or production process). 2009 taxes There is no tax on recycled Halon-1301 or recycled Halon-2402 imported from a country that has signed the Montreal Protocol on Substances that Deplete the Ozone Layer (Montreal Protocol). 2009 taxes The Montreal Protocol is administered by the United Nations (U. 2009 taxes N. 2009 taxes ). 2009 taxes To determine if a country has signed the Montreal Protocol, contact the U. 2009 taxes N. 2009 taxes The website is untreaty. 2009 taxes un. 2009 taxes org. 2009 taxes Exported ODCs. 2009 taxes Generally, there is no tax on ODCs sold for export if certain requirements are met. 2009 taxes For a sale to be nontaxable, you and the purchaser must be registered. 2009 taxes See Form 637, Application for Registration (for Certain Excise Tax Activities). 2009 taxes Also, you must obtain from the purchaser an exemption certificate that you rely on in good faith. 2009 taxes Keep the certificate with your records. 2009 taxes The certificate must be in substantially the form as the sample certificate set forth in Regulations section 52. 2009 taxes 4682-5(d)(3). 2009 taxes The tax benefit of this exemption is limited. 2009 taxes For more information, see Regulations section 52. 2009 taxes 4682-5. 2009 taxes ODCs used as feedstock. 2009 taxes There is no tax on ODCs sold for use or used as a feedstock. 2009 taxes An ODC is used as a feedstock only if the ODC is entirely consumed in the manufacture of another chemical. 2009 taxes The transformation of an ODC into one or more new compounds qualifies as use as a feedstock, but use of an ODC in a mixture does not qualify. 2009 taxes For a sale to be nontaxable, you must obtain from the purchaser an exemption certificate that you rely on in good faith. 2009 taxes The certificate must be in substantially the form as the sample certificate set forth in Regulations section 52. 2009 taxes 4682-2(d)(2). 2009 taxes Keep the certificate with your records. 2009 taxes Credits or refunds. 2009 taxes A credit or refund (without interest) of tax paid on ODCs may be claimed if a taxed ODC is: Used as a propellant in a metered-dose inhaler (the person who used the ODC as a propellant may file a claim), Exported (the manufacturer may file a claim), or Used as a feedstock (the person who used the ODC may file a claim). 2009 taxes For information on how to file for credits or refunds, see the Instructions for Form 720 or Schedule 6 (Form 8849). 2009 taxes Conditions to allowance for ODCs exported. 2009 taxes To claim a credit or refund for ODCs that are exported, you must have repaid or agreed to repay the tax to the exporter, or obtained the exporter's written consent to allowance of the credit or refund. 2009 taxes You must also have the evidence required by the EPA as proof that the ODCs were exported. 2009 taxes Imported Taxable Products An imported product containing or manufactured with ODCs is subject to tax if it is entered into the United States for consumption, use, or warehousing and is listed in the Imported Products Table. 2009 taxes The Imported Products Table is listed in Regulations section 52. 2009 taxes 4682-3(f)(6). 2009 taxes The tax is based on the weight of the ODCs used in the manufacture of the product. 2009 taxes Use the following methods to figure the ODC weight. 2009 taxes The actual (exact) weight of each ODC used as a material in manufacturing the product. 2009 taxes If the actual weight cannot be determined, the ODC weight listed for the product in the Imported Products Table. 2009 taxes However, if you cannot determine the actual weight and the table does not list an ODC weight for the product, the rate of tax is 1% of the entry value of the product. 2009 taxes Taxable event. 2009 taxes Tax is imposed on an imported taxable product when the product is first sold or used by its importer. 2009 taxes The importer is liable for the tax. 2009 taxes Use of imported products. 2009 taxes You use an imported product if you put it into service in a trade or business or for the production of income or use it in the making of an article, including incorporation into the article. 2009 taxes The loss, destruction, packaging, repackaging, warehousing, or repair of an imported product is not a use of that product. 2009 taxes Entry as use. 2009 taxes The importer may choose to treat the entry of a product into the United States as the use of the product. 2009 taxes Tax is imposed on the date of entry instead of when the product is sold or used. 2009 taxes The choice applies to all imported taxable products that you own and have not used when you make the choice and all later entries. 2009 taxes Make the choice by checking the box in Part II of Form 6627. 2009 taxes The choice is effective as of the beginning of the calendar quarter to which the Form 6627 applies. 2009 taxes You can revoke this choice only with IRS consent. 2009 taxes Sale of article incorporating imported product. 2009 taxes The importer may treat the sale of an article manufactured or assembled in the United States as the first sale or use of an imported taxable product incorporated in that article if both the following apply. 2009 taxes The importer has consistently treated the sale of similar items as the first sale or use of similar taxable imported products. 2009 taxes The importer has not chosen to treat entry into the United States as use of the product. 2009 taxes Imported products table. 2009 taxes The table lists all the products that are subject to the tax on imported taxable products and specifies the ODC weight (discussed later) of each product. 2009 taxes Each listing in the table identifies a product by name and includes only products that are described by that name. 2009 taxes Most listings identify a product by both name and Harmonized Tariff Schedule (HTS) heading. 2009 taxes In those cases, a product is included in that listing only if the product is described by that name and the rate of duty on the product is determined by reference to that HTS heading. 2009 taxes A product is included in the listing even if it is manufactured with or contains a different ODC than the one specified in the table. 2009 taxes Part II of the table lists electronic items that are not included within any other list in the table. 2009 taxes An imported product is included in this list only if the product meets one of the following tests. 2009 taxes It is an electronic component whose operation involves the use of nonmechanical amplification or switching devices such as tubes, transistors, and integrated circuits. 2009 taxes It contains components described in (1), which account for more than 15% of the cost of the product. 2009 taxes These components do not include passive electrical devices, such as resistors and capacitors. 2009 taxes Items such as screws, nuts, bolts, plastic parts, and similar specially fabricated parts that may be used to construct an electronic item are not themselves included in the listing for electronic items. 2009 taxes Rules for listing products. 2009 taxes Products are listed in the table according to the following rules. 2009 taxes A product is listed in Part I of the table if it is a mixture containing ODCs. 2009 taxes A product is listed in Part II of the table if the Commissioner has determined that the ODCs used as materials in the manufacture of the product under the predominant method are used for purposes of refrigeration or air conditioning, creating an aerosol or foam, or manufacturing electronic components. 2009 taxes A product is listed in Part III of the table if the Commissioner has determined that the product meets both the following tests. 2009 taxes It is not an imported taxable product. 2009 taxes It would otherwise be included within a list in Part II of the table. 2009 taxes For example, floppy disk drive units are listed in Part III because they are not imported taxable products and would have been included in the Part II list for electronic items not specifically identified, but for their listing in Part III. 2009 taxes ODC weight. 2009 taxes The Table ODC weight of a product is the weight, determined by the Commissioner, of the ODCs used as materials in the manufacture of the product under the predominant method of manufacturing. 2009 taxes The ODC weight is listed in Part II in pounds per single unit of product unless otherwise specified. 2009 taxes Modifying the table. 2009 taxes A manufacturer or importer of a product may request the IRS add a product and its ODC weight to the table. 2009 taxes They also may request the IRS remove a product from the table, or change or specify the ODC weight of a product. 2009 taxes To request a modification, see Regulations section 52. 2009 taxes 4682-3(g) for the mailing address and information that must be included in the request. 2009 taxes Floor Stocks Tax Tax is imposed on any ODC held (other than by the manufacturer or importer of the ODC) on January 1 for sale or use in further manufacturing. 2009 taxes The person holding title (as determined under local law) to the ODC is liable for the tax, whether or not delivery has been made. 2009 taxes These chemicals are taxable without regard to the type or size of storage container in which the ODCs are held. 2009 taxes The tax may apply to an ODC whether it is in a 14-ounce can or a 30-pound tank. 2009 taxes You are liable for the floor stocks tax if you hold any of the following on January 1. 2009 taxes At least 400 pounds of ODCs other than halons or methyl chloroform, At least 50 pounds of halons, or At least 1,000 pounds of methyl chloroform. 2009 taxes If you are liable for the tax, prepare an inventory on January 1 of the taxable ODCs held on that date for sale or for use in further manufacturing. 2009 taxes You must pay this floor stocks tax by June 30 of each year. 2009 taxes Report the tax on Form 6627 and Part II of Form 720 for the second calendar quarter. 2009 taxes For the tax rates, see the Form 6627 instructions. 2009 taxes ODCs not subject to floor stocks tax. 2009 taxes The floor stocks tax is not imposed on any of the following ODCs. 2009 taxes ODCs mixed with other ingredients that contribute to achieving the purpose for which the mixture will be used, unless the mixture contains only ODCs and one or more stabilizers. 2009 taxes ODCs contained in a manufactured article in which the ODCs will be used for their intended purpose without being released from the article. 2009 taxes ODCs that have been reclaimed or recycled. 2009 taxes ODCs sold in a qualifying sale for: Use as a feedstock, Export, or Use as a propellant in a metered-dose inhaler. 2009 taxes Prev Up Next Home More Online Publications