Missing Form 8962 - E-File Rejection or IRS Letter || Premium Tax Credit & Tax Form 1095-A

If you received an e-file rejection notice or a letter from the IRS saying that your return was rejected or won’t be processed because you were missing Form 8962, then this video will explain why you are getting these notices and how to fix it.


The form 1095-A is a health care statement that you receive if you have Marketplace insurance. If you get insurance through Marketplace insurance (sometimes referred to as Obamacare), you may qualify for advanced premium tax credits, which are often referred to as subsidies. Taxpayers receive different amounts of subsidies depending on their income, filing status, and number of dependents.


At the end of the year, when you are filing your taxes during the tax season, you need to reconcile the amount of subsidies that you received from the government (which was based on your estimated income for the year) against what you actually earned and what was your filing status; dependents, etc. That is done on Tax Form 8962. So form 1095-A flows into tax form 8962, which in turn flows into Tax Form 1040.


The IRS receives all the same forms you receive. If you don’t reconcile your advanced premium tax credits on your 1040 and don’t include tax forms 1095-A and 8962, then your tax return will be rejected. To fix the problem you don’t need to amend your tax return, but rather just include the two forms and re-submit or send a copy of them to the IRS.
Taxes Explained!

——————CHAPTERS————


00:00 - E-File Rejection due to missing 8962
01;10 - Why is your tax return rejected?
03:35 - How to fix the problem
04:00 - What is Tax Form 1095-A
06:52 - Where to get a copy of 1095-A
07:06 - Example of Advanced Premium Tax Credits
09:16 - PTC Calculators
09:46 - When is 1095-A required?
11:25 - States that still require health care coverage
11:50 - Filing Requirement with 1095-A




——————————LINKS————————


What is Form 8962: Premium Tax Credit:
https://www.investopedia.com/irs-form...


IRS Tax Form 8962:
https://www.irs.gov/pub/irs-pdf/f8962...


Marketplace Insurance & place to get a copy of your 1095-A
https://www.healthcare.gov/


Premium Tax Credit Calculators:
https://www.taxpayeradvocate.irs.gov/...
https://www.kff.org/interactive/subsi...


States That Require Health Care Coverage:
https://www.ehealthinsurance.com/reso...


E-file rejection notice for missing Form 8962:
https://support.taxslayerpro.com/hc/e...


Tax Filing Requirements 2021-2022:
https://wsutech.edu/wp-content/upload...




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