Recently we wrote about the new Obamacare tax forms . So how do you know which you have to produce? The answer depends on your or your client's situation. To help understand which you must file this tax season, here is a quick guide to new forms of Obamacare tax, according to the different health care situations. 
If you are a small business Application for health care tax credit
If you are a small employer demanding a small business tax credit health care you file form 8941, credit small employer insurance premiums.
If you cover the whole year
If you and everyone in your household had health coverage for entire year simply check the box on line 61 of form 1040, line 38 of form 1040-A, or line 11 of form 1040-EZ.
If you are enrolled in Medicare by the market
If you registered in coverage through the market health insurance in your state you will receive 1095-a form Statement of the health insurance market
Tip :. If you do not receive a 1095-a email form, contact the state or federal market through which you registered.
If you received an advance premium tax credit
If you received a Form 1095-a, statement of the insurance market disease showing that you have received an advance payment of the tax credit on premiums in 2014, you must file a tax return in 2015 and reconcile with prepayments the amount of the tax credit on premiums allowed on your return.
To reconcile the advance payments of the tax credit on premiums, you do the math using the IRS form 8962 tax credit for premiums (PTC ).
If you are required to repay any excess advance payments of the tax credit on premiums, you will report the information on line 46 of Form 1040 or line 29 of Form 1040- A, and can not file form 1040-EZ form
Related :. Filing taxes? How to deal with tax credits on premiums
If you ask a tax credit for premiums
If you ask the credit tax on bonuses and did not receive an advance payment of the tax credit on premiums, you have to file a tax return and the IRS form 8962, premium tax credit (PTC) .
If you request an exemption for not having coverage
If you request an exemption from the requirement to have a cover health (the "individual mandate" ) to anyone on your tax return, you must complete the 8965 form health coverage Exemptions , and submit it with your return.
However, there are certain exemptions that only the market can bestow. These include religious conscience exemptions or difficult exemptions. In these situations, make an application to the market and follow the instructions below on how to report the market exemptions on your tax return.
Tip: If you requested an exemption from the market, but do not currently have an exemption certificate number, enter 'Pending' in the part I of the 8965 health coverage Exemptions form, and submit the form with your return.
If you make a shared individual responsibility Payment
If you make a individual shared responsibility payment because you do not have health coverage or qualify for an exemption for a month in 2014, you enter the payment amount on line 61 of form 1040, line 38 of form 1040-a, or from line 11 of form 1040-EZ.
Conclusion
the season of tax return this year is the first year individuals will realize health care, credits 'bonus tax, and compliance Obamacare on taxes. The forms you need to file depends on your, or specific health situation of your client.
That the fiscal health of situations that we lack? What situations do you have questions? Leave a comment and we'll help you answer.
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