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1099-A Tips

Find Answers to Your Questions about Incorrect Forms 1095-A and the Premium Tax Credit


The IRS has provided answers to tax filing questions for individuals who have received incorrect Forms 1095-A, Health Insurance Marketplace Statements.  

If you were enrolled in qualifying Marketplace coverage, filed your return using information from your Form 1095-A, Health Insurance Marketplace Statement, and you later learn that the information on that form was incorrect, you do not need to file an amended return. This is true even if additional taxes would be owed based on the new information.  Under the relief provided, the IRS will not pursue the collection of any additional taxes from you based on updated information in the corrected form. This relief applies to tax filers who enrolled through the Federally-facilitated Marketplace or a State-based Marketplace.  

The following questions are answered on IRS.gov/aca on the Affordable Care Act Questions and Answers page with the title:  “Incorrect Forms 1095-A and the Premium Tax Credit.”
 

  • What relief was announced on March 20, 2015?
  • What additional relief is being announced?
  • How will I know if my Form 1095-A, Health Insurance Marketplace Statement, is wrong or delayed?

 

In addition, the webpage provides specific answers for individuals who have filed their 2014 income tax return and for those who have not yet filed. Add your content here.

IRS: How to correct an electronically filed return rejected for a missing Form 8962

WASHINGTON – The Internal Revenue Service reminds taxpayers that an electronically filed tax return will be rejected if the taxpayer is required to reconcile advance payments of the premium tax credit (APTC) on Form 8962, Premium Tax Credit (PTC), but does not complete the form in the software and submit it with their tax return.

Taxpayers must file Form 8962 if any family member was enrolled in Marketplace health insurance and IRS records show that APTC was paid to their Marketplace insurance company. Taxpayers use Form 8962 to reconcile their APTC with the PTC they are allowed. This reconciliation is required even when APTC fully subsidizes the cost of Marketplace insurance, and no premiums are paid by the taxpayer.

The IRS has been seeing an increase in the number of taxpayers who are not including the required Form 8962 when using tax software to file their returns.

For more information on how to correct an electronically filed return that is rejected for a missing Form 8962, taxpayers can review How to correct an electronically filed return rejected for a missing Form 8962.

 

 


 
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