I went through this exact same situation last year and it was such a headache at first! The terminology is definitely confusing - "unredacted" and "unmasked" mean the same thing in this context. You need transcripts that show all the details without any information blocked out for security purposes. Here's what I learned: The fastest way is actually to visit an IRS Taxpayer Assistance Center if you have one nearby. You can schedule an appointment online at irs.gov/help/contact-your-local-irs-office, and they'll print your unmasked Wage and Income Transcripts right there during your visit. This saved me weeks compared to waiting for mail delivery. If you can't get to an office, calling 800-908-9946 early in the morning (like 7 AM Eastern) gives you the best chance of getting through. Just be prepared to wait on hold and have your SSN and previous tax info ready for identity verification. One thing to keep in mind - these transcripts will show all income reported to the IRS under your SSN, but they won't have information about deductions you might be eligible for. So while they're perfect for ensuring you report all your income accurately, you might still want to work with a tax professional to make sure you're not missing out on deductions that could reduce what you owe for those back years. The penalties do add up over time, so getting this sorted sooner rather than later is definitely the right move. Good luck!

I went through this same frustrating situation about 8 months ago when I needed to file 2021 and 2022 returns. The whole "unmasked" vs "masked" transcript thing is confusing at first, but here's what I learned: The easiest path that worked for me was using the IRS online account system first to see what I could get, then calling for the complete versions. I created an account at irs.gov and requested Wage and Income Transcripts through their "Get Transcript" tool. These came back partially masked (SSN and some details redacted), but they gave me a good preview of what income sources were reported. Then I called 800-908-9946 around 7:30 AM Eastern time on a Tuesday morning and got through after about an hour on hold. I specifically told the agent "I need unmasked Wage and Income Transcripts for tax years 2021 and 2022 to file late returns" and they understood exactly what I needed. They mailed the complete, unmasked versions to my address on file, which arrived in about 10 business days. The unmasked transcripts showed every W-2, 1099, and other income document that employers and financial institutions sent to the IRS. This was incredibly helpful since I was missing several 1099s from old bank accounts I'd forgotten about. One tip: If you're really pressed for time, you can also try requesting an appointment at a Taxpayer Assistance Center. They can print unmasked transcripts on the spot, though appointments can be hard to get depending on your location. Don't stress too much about the penalties - focus on getting compliant first. The IRS would rather have you file late than not at all, and there are penalty relief options available once you get caught up.

This might be a stupid question, but if the health insurance is already included in my W-2 wages, doesn't that mean it's already being taxed? So when I take the self-employed health insurance deduction, is that basically just canceling out the fact that it was added to my income in the first place?

Great thread! I'm also an S-Corp owner dealing with health insurance reporting. One thing I'd add is to make sure you're coordinating with your payroll processor (if you use one) about including the health insurance in your W-2. I made the mistake my first year of handling the health insurance deduction correctly on my personal return but forgetting to tell my payroll company to include those premiums in my W-2 wages. This created a mismatch that triggered questions from the IRS. Also, keep detailed records of all your health insurance payments throughout the year. I maintain a simple spreadsheet with monthly premium amounts and payment dates - it makes year-end reconciliation much easier and provides backup documentation if needed.

One thing nobody mentioned - if you traded crypto in addition to stocks, that's a whole different situation and you might actually need additional reporting. Did you have any crypto transactions last year?

Great to hear you got it sorted out! Just wanted to add one more tip for future reference - keep all your Robinhood statements and 1099-B forms saved digitally or printed out for at least 3 years after filing. The IRS can ask for supporting documentation during that time period, and having everything organized makes it much easier if they ever have questions. Also, since this was your first year with stock transactions, you might want to consider keeping a simple spreadsheet next year to track your trades throughout the year. It makes tax time much less stressful when you don't have to rely entirely on what the brokerage reports. Sometimes there are small discrepancies or missing information that's easier to catch when you have your own records. Good luck with the rest of your filing!

I think there's something missing in this discussion - the Marketplace probably shouldn't have issued a single 1095-A for all three people if they're not all in the same tax family. Typically, the Marketplace issues separate 1095-As for separate tax households. Have you considered contacting the Marketplace to see if they can issue corrected 1095-As? One for the parents and a separate one for the adult non-dependent daughter? That would eliminate the need for allocation entirely and might be the cleanest solution.

This is a great point about getting corrected 1095-As from the Marketplace. I'd definitely recommend trying this approach first before dealing with allocation complexities. However, if the Marketplace won't issue separate forms (which sometimes happens if all three were enrolled as a single enrollment unit), the allocation approach is still valid. Just make sure you document the reasoning behind your allocation percentages. One thing I'd add - when doing allocations, consider each person's repayment limitation based on their income. The daughter making $15,500 would have a much lower repayment cap than the parents at $105,000 combined income. This could significantly impact the optimal allocation strategy and might justify allocating a higher percentage to her even if she didn't pay the premiums directly. Also, make sure all three parties sign an allocation agreement and keep it with your tax records. While not required to be filed with the return, it's good documentation if questions arise later.

Has anyone else noticed that Jackson Hewitt seems to make a lot of these kinds of mistakes? I switched from them to doing my own taxes with FreeTaxUSA after getting a similar notice about TP FIG differences 2 years in a row. Never had the problem since.

I went through this exact same situation with a CP2000 notice showing different TP FIG and "per computer" amounts. The key thing to understand is that the IRS isn't necessarily right just because they have computers - they're working with the information that was reported to them by third parties (employers, banks, etc.). In my case, the discrepancy was because my employer had submitted a corrected W-2 that the IRS processed, but I had filed my return before receiving the correction. The "per computer" amount reflected the corrected information while my "TP FIG" was based on the original W-2. Don't panic about the $1,200 difference - these notices are designed to look scary but they're often resolvable. Since you mentioned the 1099 contract work, double-check if you reported it on the correct line of your return. Sometimes income gets reported in the wrong section (like Schedule C vs Schedule C-EZ) and the IRS computer flags it as missing even though you included it. My advice: gather all your tax documents, compare them line by line with what's on your filed return, and if you find the error is on the IRS side, respond with documentation. Most of these discrepancies get resolved in your favor once you provide the missing context.