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The Student Income
Student income Publication 51 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Introduction Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 51 (Circular A), such as legislation enacted after it was published, go to www. Student income irs. Student income gov/pub51. Student income What's New Social security and Medicare tax for 2014. Student income The social security tax rate is 6. Student income 2% each for the employee and employer, unchanged from 2013. Student income The social security wage base limit is $117,000. Student income The Medicare tax rate is 1. Student income 45% each for the employee and employer, unchanged from 2013. Student income There is no wage base limit for Medicare tax. Student income Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Student income Withholding allowance. Student income The 2014 amount for one withholding allowance on an annual basis is $3,950. Student income Change of responsible party. Student income Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. Student income Form 8822-B must be filed within 60 days of the change. Student income If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Student income For a definition of "responsible party", see the Form 8822-B instructions. Student income Same-sex marriage. Student income For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Student income For more information, see Revenue Ruling 2013-17, 2013-38 I. Student income R. Student income B. Student income 201, available at www. Student income irs. Student income gov/irb/2013-38_IRB/ar07. Student income html. Student income Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Student income Notice 2013-61, 2013-44 I. Student income R. Student income B. Student income 432, is available at www. Student income irs. Student income gov/irb/2013-44_IRB/ar10. Student income html. Student income Reminders Additional Medicare Tax withholding. Student income In addition to withholding Medicare tax at 1. Student income 45%, you must withhold a 0. Student income 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Student income You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Student income Additional Medicare Tax is only imposed on the employee. Student income There is no employer share of Additional Medicare Tax. Student income All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Student income For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Student income For more information on Additional Medicare Tax, visit IRS. Student income gov and enter “Additional Medicare Tax” in the search box. Student income Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Student income The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. Student income Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Student income For more information, visit IRS. Student income gov and enter “work opportunity tax credit” in the search box. Student income Outsourcing payroll duties. Student income Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Student income The employer remains responsible if the third party fails to perform any required action. Student income If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Student income gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Student income COBRA premium assistance credit. Student income The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months. Student income For more information, see COBRA premium assistance credit under Introduction. Student income Compensation paid to H-2A foreign agricultural workers. Student income Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2, Wage and Tax Statement. Student income Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax withholding (line 6) on Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. Student income On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Student income An employer is not required to withhold federal income tax from compensation it pays an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. Student income In that case, the worker must give the employer a completed Form W-4, Employee's Withholding Allowance Certificate. Student income Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. Student income These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. Student income For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. Student income Additional employment tax information. Student income Visit the IRS website at www. Student income irs. Student income gov/businesses and click on Employment Taxes under Businesses Topics. Student income For employment tax information by telephone, call 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Student income m. Student income –7:00 p. Student income m. Student income local time (Alaska and Hawaii follow Pacific time). Student income Additionally, you can call IRS TeleTax at 1-800-829-4477 for recorded information by topic. Student income Disregarded entities and qualified subchapter S subsidiaries (QSubs). Student income Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Student income Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Student income See Regulations sections 1. Student income 1361-4(a)(7) and 301. Student income 7701-2(c)(2)(iv). Student income Differential wage payments. Student income Qualified differential wage payments made by employers to individuals serving in the Armed Forces after 2008 are subject to income tax withholding but not social security, Medicare, or FUTA taxes. Student income For more information, see Publication 15 (Circular E). Student income Federal tax deposits must be made by electronic funds transfer. Student income You must use electronic funds transfer to make all federal tax deposits. Student income Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Student income If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Student income Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Student income EFTPS is a free service provided by the Department of Treasury. Student income Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Student income For more information on making federal tax deposits, see How To Deposit in section 7. Student income To get more information about EFTPS or to enroll in EFTPS, visit www. Student income eftps. Student income gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Student income Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Student income Electronic filing and payment. Student income Now, more than ever before, businesses can enjoy the benefits of filing tax returns and paying their taxes electronically. Student income Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make it easier. Student income Spend less time and worry on taxes and more time running your business. Student income Use e-file and the Electronic Federal Tax Payment System (EFTPS) to your benefit. Student income For e-file, visit the IRS website at www. Student income irs. Student income gov/efile for additional information. Student income For EFTPS, visit www. Student income eftps. Student income gov or call EFTPS Customer Service at 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD) for additional information. Student income For electronic filing of Form W-2, visit www. Student income socialsecurity. Student income gov/employer. Student income If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Student income If a valid EIN is not provided, the return or payment will not be processed. Student income This may result in penalties and delays in processing your return or payment. Student income Electronic funds withdrawal (EFW). Student income If you file Form 943 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step using tax preparation software or through a tax professional. Student income However, do not use EFW to make federal tax deposits. Student income For more information on paying your taxes using EFW, visit the IRS website at www. Student income irs. Student income gov/e-pay. Student income A fee may be charged to file electronically. Student income Credit or debit card payments. Student income Employers can pay the balance due shown on Form 943 by credit or debit card. Student income Do not use a credit or debit card to make federal tax deposits. Student income For more information on paying your taxes with a credit or debit card, visit the IRS website at www. Student income irs. Student income gov/e-pay. Student income When you hire a new employee. Student income Ask each new employee to complete the 2014 Form W-4 or its Spanish version, Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado. Student income Also, ask the employee to show you his or her social security card so that you can record the employee's name and social security number accurately. Student income If the employee has lost the card or recently changed names, have the employee apply for a duplicate or corrected card. Student income If the employee does not have a card, have the employee apply for one on Form SS-5, Application for a Social Security Card. Student income See section 1 for more information. Student income Eligibility for employment. Student income You must verify that each new employee is legally eligible to work in the United States. Student income This includes completing the U. Student income S. Student income Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Student income You can get the form from USCIS offices or by calling 1-800-870-3676. Student income Contact the USCIS at 1-800-375-5283, or visit the USCIS website at www. Student income uscis. Student income gov for more information. Student income New hire reporting. Student income You are required to report any new employee to a designated state new-hire registry. Student income A new employee is an employee who has not previously been employed by you or was previously employed by you but has been separated from such prior employment for at least 60 consecutive days. Student income Many states accept a copy of Form W-4 with employer information added. Student income Visit the Office of Child Support Enforcement's website at www. Student income acf. Student income hhs. Student income gov/programs/cse/newhire for more information. Student income Dishonored payments. Student income Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Student income The penalty is $25 or 2% of the payment, whichever is more. Student income However, the penalty on dishonored payments of $24. Student income 99 or less is an amount equal to the payment. Student income For example, a dishonored payment of $18 is charged a penalty of $18. Student income Forms in Spanish. Student income You can provide Formulario W-4(SP) in place of Form W-4 to your Spanish-speaking employees. Student income For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Student income For nonemployees, Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente, may be used in place of Form W-9, Request for Taxpayer Identification Number and Certification. Student income References in this publication to Form W-4 or Form W-9 also apply to their equivalent Spanish translations—Formulario W-4(SP) or Formulario W-9(SP). Student income Information returns. Student income You may be required to file information returns to report certain types of payments made during the year. Student income For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors) for services performed for your trade or business. Student income For details about filing Forms 1099 and for information about required electronic filing, see the General Instructions for Certain Information Returns for general information and the separate, specific instructions for each information return that you file (for example, Instructions for Form 1099-MISC). Student income Generally, do not use Forms 1099 to report wages or other compensation that you paid to employees; report these amounts on Form W-2. Student income See the General Instructions for Forms W-2 and W-3 for details about filing Forms W-2 and for information about required electronic filing. Student income If you file 250 or more Forms W-2, you must file them electronically. Student income SSA will not accept Forms W-2 and W-3 filed on any magnetic media. Student income Information reporting customer service site. Student income The IRS operates the Enterprise Computing Center—Martinsburg, a centralized customer service site, to answer questions about reporting on Forms W-2, W-3, 1099, and other information returns. Student income If you have questions related to reporting on information returns, you may call 1-866-455-7438 (toll free), 304-263-8700 (toll call), or 304-267-3367 (TDD/TTY for persons who are deaf, heard of hearing, or have a speech disability). Student income The call site can also be reached by email at mccirp@irs. Student income gov. Student income Do not include tax identification numbers (TINs) or attachments in email correspondence because electronic mail is not secure. Student income Web-based application for an employer identification number (EIN). Student income You can apply for an employer identification number (EIN) online by visiting IRS. Student income gov and clicking on the Apply for an EIN Online link under Tools. Student income When a crew leader furnishes workers to you. Student income Record the crew leader's name, address, and EIN. Student income See sections 2 and 10. Student income Change of address. Student income Use Form 8822-B to notify the IRS of an address change. Student income Do not mail form 8822-B with your employment tax return. Student income Ordering forms and publications. Student income You can order your 2013 and 2014 employment tax and information return forms, instructions, and publications online at www. Student income irs. Student income gov/businesses. Student income Click on the Online Ordering for Information Returns and Employer Returns. Student income You can also visit www. Student income irs. Student income gov/formspubs to download other forms and publications. Student income Instead of ordering paper Forms W-2 and W-3, consider filing them electronically using the Social Security Administration's (SSA) free e-file service. Student income Visit the SSA's Employer W-2 Filing Instructions & Information website at www. Student income socialsecurity. Student income gov/employer, to register for Business Services Online. Student income You will be able to create and file “fill-in” versions of Forms W-2 with SSA and can print out completed copies of Forms W-2 for filing with state and local governments, distribution to your employees, and for your records. Student income Form W-3 will be created for you based on your Forms W-2. Student income Tax Questions. Student income If you have a tax question, check the information available on IRS. Student income gov or call 1-800-829-4933 (businesses), 1-800-829-1040 (individuals), or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Student income m. Student income –7:00 p. Student income m. Student income local time (Alaska and Hawaii follow Pacific time). Student income We cannot answer tax questions sent to the address provided later for comments and suggestions. Student income Recordkeeping. Student income Keep all records of employment taxes for at least 4 years. Student income These should be available for IRS review. Student income Your records should include the following information. Student income Your employer identification number (EIN). Student income Amounts and dates of all wage, annuity, and pension payments. Student income Names, addresses, social security numbers, and occupations of employees and recipients. Student income Any employee copies of Forms W-2 and W-2c returned to you as undeliverable. Student income Dates of employment for each employee. Student income Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third-party payers made to them. Student income Copies of employees' and recipients' income tax withholding allowance certificates (Forms W-4, W-4(SP), W-4P, and W-4S). Student income Dates and amounts of tax deposits you made and acknowledgment numbers for deposits made by EFTPS. Student income Copies of returns filed and confirmation numbers. Student income Records of fringe benefits and expense reimbursements provided to your employees, including substantiation. Student income If a crew leader furnished you with farmworkers, you must keep a record of the name, permanent mailing address, and EIN of the crew leader. Student income If the crew leader has no permanent mailing address, record his or her present address. Student income Private delivery services. Student income You can use certain private delivery services designated by the IRS to send tax returns and payments. Student income The list includes only the following. Student income DHL Express (DHL): DHL Same Day Service. Student income Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Student income United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Student income M. Student income , UPS Worldwide Express Plus, and UPS Worldwide Express. Student income For the IRS mailing address to use if you are using a private delivery service, go to IRS. Student income gov and enter "private delivery service" in the search box. Student income Your private delivery service can tell you how to get written proof of the mailing date. Student income Private delivery services cannot deliver items to P. Student income O. Student income boxes. Student income You must use the U. Student income S. Student income Postal Service to mail any item to an IRS P. Student income O. Student income box address. Student income Photographs of missing children. Student income The IRS is a proud partner with the National Center for Missing and Exploited Children. Student income Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Student income You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Student income Calendar The following are important dates and responsibilities. Student income See section 7 for information about depositing taxes reported on Forms 941, 943, 944, and 945. Student income Also see Publication 509, Tax Calendars. Student income If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Student income A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Student income However, a statewide legal holiday does not delay the due date of federal tax deposits. Student income See Deposits on Business Days Only in section 7. Student income For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Student income S. Student income Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. Student income See Private delivery services under Reminders. Student income By January 31 . Student income File Form 943. Student income See section 8 for more information on Form 943. Student income If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. Student income Furnish each employee with a completed Form W-2. Student income Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). Student income File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Student income See section 10 for more information on FUTA. Student income If you deposited all the FUTA tax when due, you have 10 additional calendar days to file. Student income File Form 945, Annual Return of Withheld Federal Income Tax, to report any nonpayroll federal income tax withheld in 2013. Student income If you deposited all Form 945 taxes when due, you have 10 additional calendar days to file. Student income By February 15. Student income Ask for a new Form W-4 or Formulario W-4(SP) from each employee who claimed exemption from federal income tax withholding last year. Student income On February 16. Student income Any Form W-4 claiming exemption from withholding for the previous year has now expired. Student income Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. Student income If the employee does not give you a new Form W-4, withhold tax based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. Student income See section 5 for more information. Student income If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. Student income By February 28. Student income File paper Forms 1099 and 1096. Student income File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. Student income S. Student income Information Returns, with the IRS. Student income For electronically filed returns, see By March 31 below. Student income File paper Forms W-2 and W-3. Student income File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the SSA. Student income For electronically filed returns, see By March 31 next. Student income By March 31. Student income File electronic Forms W-2 and 1099. Student income File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. Student income For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Student income socialsecurity. Student income gov/employer. Student income For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G. Student income By April 30, July 31, October 31, and January 31. Student income Deposit FUTA taxes. Student income Deposit FUTA tax if the undeposited amount is over $500. Student income Before December 1. Student income Remind employees to submit a new Form W-4 if their marital status or withholding allowances have changed or will change for the next year. Student income Introduction This publication is for employers of agricultural workers (farmworkers). Student income It contains information that you may need to comply with the laws for agricultural labor (farmwork) relating to social security and Medicare taxes, FUTA tax, and withheld federal income tax (employment taxes). Student income Agricultural employers report social security and Medicare taxes and withheld federal income tax on Form 943 and report FUTA tax on Form 940. Student income If you have nonfarm employees, see Publication 15 (Circular E). Student income If you have employees in the U. Student income S. Student income Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, see Publication 80 (Circular SS). Student income Publication 15-A, Employer's Supplemental Tax Guide, contains more employment-related information, including information about sick pay and pension income. Student income Publication 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of noncash compensation. Student income Comments and suggestions. Student income We welcome your comments about this publication and your suggestions for future editions. Student income You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Student income NW, IR-6526 Washington, DC 20224 We respond to many letters by telephone. Student income Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Student income You can also send us comments from www. Student income irs. Student income gov/formspubs. Student income Click on More Information and then click on Comment on Tax Forms and Publications. Student income Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Student income COBRA premium assistance credit. Student income The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. Student income COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees. Student income Parallel requirements apply to these plans under the Employee Retirement Income Security Act of 1974 (ERISA). Student income Under the Public Health Service Act, COBRA requirements apply also to health plans covering state or local government employees. Student income Similar requirements apply under the Federal Employees Health Benefits Program and under some state laws. Student income For the premium assistance (or subsidy) discussed below, these requirements are all referred to as COBRA requirements. Student income Under the American Recovery and Reinvestment Act of 2009 (ARRA), employers are allowed a credit against “payroll taxes” (referred to in this publication as “employment taxes”) for providing COBRA premium assistance to assistance eligible individuals. Student income For periods of COBRA continuation coverage beginning after February 16, 2009, a group health plan must treat an assistance eligible individual as having paid the required COBRA continuation coverage premium if the individual elects COBRA coverage and pays 35% of the amount of the premium. Student income An assistance eligible individual is a qualified beneficiary of an employer's group health plan who is eligible for COBRA continuation coverage during the period beginning September 1, 2008, and ending May 31, 2010, due to the involuntarily termination from employment of a covered employee during the period and elects continuation COBRA coverage. Student income The assistance for the coverage can last up to 15 months. Student income Employees terminated during the period beginning September 1, 2008, and ending May 31, 2010, who received a severance package that delayed the start of the COBRA continuation coverage, may still be eligible for premium assistance for COBRA continuation coverage. Student income For more information, see Notice 2009-27, 2009-16 I. Student income R. Student income B. Student income 838, available at www. Student income irs. Student income gov/irb/2009-16_irb/ar09. Student income html. Student income Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Student income The 65% of the premium not paid by the assistance eligible individual is reimbursed to the employer maintaining the group health plan. Student income The reimbursement is made through a credit against the employer's employment tax liabilities. Student income For information on how to claim the credit, see the Instructions for Form 943. Student income The credit is treated as a deposit made on the first day of the return period. Student income In the case of a multiemployer plan, the credit is claimed by the plan, rather than the employer. Student income In the case of an insured plan subject to state law continuation coverage requirements, the credit is claimed by the insurance company, rather than the employer. Student income Anyone claiming the credit for COBRA premium assistance payments must maintain the following information to support their claim, including the following. Student income Information on the receipt of the assistance eligible individuals' 35% share of the premium including dates and amounts. Student income In the case of an insurance plan, a copy of invoice or other supporting statement from the insurance carrier and proof of timely payment of the full premium to the insurance carrier required under COBRA. Student income In the case of a self-insured plan, proof of the premium amount and proof of the coverage provided to the assistance eligible individuals. Student income Attestation of involuntary termination, including the date of the involuntary termination for each covered employee whose involuntary termination is the basis for eligibility for the subsidy. Student income Proof of each assistance eligible individual's eligibility for COBRA coverage and the election of COBRA coverage. Student income A record of the social security numbers (SSNs) of all covered employees, the amount of the subsidy reimbursed with respect to each covered employee, and whether the subsidy was for one individual or two or more individuals. Student income For more information, visit IRS. Student income gov and enter “COBRA” in the search box. Student income Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 225 Farmer's Tax Guide 535 Business Expenses 583 Starting a Business and Keeping Records 1635 Employer Identification Number: Understanding Your EIN Prev Up Next Home More Online Publications