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16 Just to add another perspective - my tax preparer advised me to have my non-working spouse file a separate return last year specifically to reconcile the Child Tax Credit payments she received, even though I claimed the kids. This was apparently because the payments were in her name and tied to her SSN. This seems to contradict what others are saying here, so now I'm confused about what's actually correct!
9 I think your tax preparer might have been wrong. I had the same situation and called the IRS directly (using that Claimyr service someone mentioned) and they told me the preparer was incorrect. The advance payments need to be reconciled on the return of whoever is claiming the children as dependents, regardless of who received the payments. You might have unnecessarily complicated your taxes.
16 You might be right. After reading all these responses, I looked into it more and it seems like my preparer may have been overly cautious or mistaken. According to IRS Publication 1054 (which I just looked up), the person claiming the qualifying child should report the advance payments. Looking back at our returns, we may have done it wrong and I'm going to ask about filing an amended return. Thanks for bringing this up - sometimes even paid preparers make mistakes with unusual situations.
2 Has anyone used TurboTax to handle this specific situation with the Form 6419? I'm wondering if it has specific prompts for this scenario or if it gets confused when the form is in someone else's name.
17 I used TurboTax last year for this exact scenario. It actually handles it pretty well - there's a specific section where it asks if you or your spouse received advance Child Tax Credit payments. It then asks you to enter the amount from Form 6419 regardless of whose name is on the form, as long as you're claiming those children as dependents. It was surprisingly straightforward!
If you know roughly what you owe, just pay it now!! I made the mistake of waiting for the IRS to "process" my return last year and ended up with almost $300 in interest and penalties because it took them 3 months to process everything. The interest clock starts ticking from the original filing deadline, not from when they process your return or send you a bill. I know it feels weird to pay when they haven't asked for the money yet, but trust me, paying sooner rather than later is the way to go.
This is what worries me! Did you have any issues with them properly applying your payment when you made it before they processed your return? And how did you figure out the exact amount with penalties?
No issues with them applying the payment - I paid through the IRS Direct Pay system and selected the correct tax year and form type. The payment posted correctly once they processed my return. As for calculating the exact amount with penalties, that was the tricky part. I didn't know how to do that accurately, which is why I ended up with a small balance due notice later. If I could do it again, I would either pay a bit more than I thought I owed to be safe or use one of the services others have mentioned to get a more precise calculation.
Anyone else having trouble even logging into the IRS website lately? I keep getting timeout errors.
Try early morning (like 6-7am) or late evening. Their site gets overloaded during peak hours. Also clear your cookies or try a different browser. Their site is notoriously bad with certain browser versions.
Thanks for the tip! I'll try early tomorrow morning. Been trying in the afternoon and it's been completely useless. Their tech is so outdated it's ridiculous.
I've used TurboTax Live for 3 years now, and it's decent but has some limitations. For importing brokerage accounts - yes, they connect with major firms, but crypto transactions and more complex investments sometimes have issues. The CPAs vary wildly in quality - I've had amazing experts who found deductions I never knew about, and others who seemed barely more knowledgeable than me. Pro tip: if you don't like the expert you're matched with, you can disconnect and try again for a different one. For quarterly estimated payments, make sure you have the exact dates and amounts handy - TurboTax can be picky about matching those precisely to IRS records.
What about state taxes? I have to file in two states and always struggle with that part. Does TurboTax Live handle multi-state filing well?
TurboTax handles multi-state filing pretty well actually. I've filed in both California and Arizona for several years because of a rental property, and the software walks you through it step by step. The Live experts are particularly helpful with state-specific questions since tax laws vary so much between states. Just make sure you select the multi-state option early in the process. It costs a bit more, but it's way cheaper than having a CPA handle multiple state returns.
Has anyone used H&R Block's live tax pro option? I'm trying to decide between that and TurboTax for a similar situation (W2s, investments, home ownership).
I've used both. H&R Block's interface isn't as slick, but their tax pros seemed more experienced to me. Their import features for investments weren't as good as TurboTax though. For brokerage accounts specifically, TurboTax has better connections with more institutions.
If you want a free alternative, try calling the IRS exactly at 7:00 AM Eastern when they open. That's what worked for me after weeks of failed attempts. Also, the Taxpayer Advocate Service can sometimes help with identity theft cases if you're experiencing financial hardship because of the delayed refund. And definitely check your credit reports at annualcreditreport.com to see if there are other accounts opened in your name. If someone's using your SSN for employment, they might be using it for other things too.
I've actually tried calling right when they open multiple times with no luck! Do you know if the Taxpayer Advocate requires proof of hardship? This refund delay is definitely causing me financial problems since I was counting on that money.
Yes, the Taxpayer Advocate Service typically requires some documentation of hardship - things like utility disconnection notices, eviction threats, or proof that you can't meet basic living expenses without the refund. If you have any documentation showing financial strain, gather that before contacting them. They've been overwhelmed lately too, but they're often more accessible than the main IRS lines. Their criteria for accepting cases have gotten stricter because of their high case volume, but identity theft cases with hardship are generally prioritized.
Has anyone tried going to their local IRS office in person instead of calling? I had a similar situation last year and was able to get an in-person appointment through the IRS website. Took about 3 weeks to get the appointment but they resolved everything in one visit.
I second this! In-person appointments are WAY more effective. I had my identity theft issue resolved in about half the time after visiting my local office. They can verify your identity on the spot and put notes directly in the system. Just make sure to bring multiple forms of ID and copies of all your documentation.
That's a great suggestion! I didn't even think about going in person. How did you schedule the appointment? Is there a specific section on the IRS website for that?
Liam McGuire
Just want to clarify something important here: Form 8962 isn't just about filing requirements - it directly impacts whether you have to repay premium tax credits or might get additional credits. If you don't file it, the IRS will disallow ALL advance premium tax credits you received, which means you could owe thousands back depending on your subsidy amount. Also, the college financial aid office typically wants the parent's return if the student was a dependent during the tax year they're looking at. You should contact the financial aid office directly to clarify what they need - sometimes they have specific forms for situations like this.
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Ethan Clark
β’Thank you so much for highlighting how serious this is! I had no idea I could end up owing thousands if I don't handle this correctly. The premium tax credit was substantial since I'm a single parent. The financial aid office is specifically asking for her return, not mine, which is part of what confused me. Maybe because she's now 23 and considered independent for current FAFSA purposes, even though they're looking at 2022 when she was my dependent? I'll definitely call them to clarify.
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Amara Eze
A quick tip that helped me with a similar Form 8962 situation - if you don't have your original 1095-A forms, you can log into your Marketplace account and download them again. They keep them available for at least 3 years. Also, the Marketplace has a dedicated helpline that can sometimes explain how your specific forms should be handled for tax purposes.
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Giovanni Greco
β’Second this! I actually found out that my Marketplace had issued a CORRECTED 1095-A that I never received in the mail. When I logged into my account, both the original and corrected versions were there.
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