The Internal Revenue Service has issued guidance for the 2014 fee year on how the IRS and the Treasury Department will administer the definition of a “covered entity” for purposes of the health insurance fee under the Affordable Care Act. 

Notice 2014-47 applies only to the 2014 fee year, the IRS cautioned. The notice aims to resolve confusion as to the scope of the exclusions in Section 9010(c)(2) of the Tax Code from the general definition of the term “covered entity.” The notice also clarifies that a controlled group does not have to report for a controlled group member who would not qualify as a covered entity in the 2014 fee year if it were a single-person covered entity.

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