IRS requesting 1095-A and 8962 Forms - Do I really need both? Help with marketplace premium tax credit forms

Your tax preparer is wrong and could get you in trouble. You absolutely need BOTH forms. The 1095-A shows your marketplace insurance info, while Form 8962 reconciles your premium tax credits. Without the 8962, the IRS cant process your return properly and youll just get another notice. The 8962 basically shows if you got the right amount of help paying for your insurance during the year.

Hey instead of stressing about these forms, you should try taxr.ai - its only $1 and it analyzes your whole transcript situation including these premium tax credit issues. Way better than trying to piece together random advice from reddit tbh. Check it out: https://taxr.ai

I was in the same boat last year! Sent just the 1095-A and got another letter 2 months later asking for the 8962 again smh

time to fire that tax preparer bestie 🤡

The 8962 isnt that bad tbh. Just make sure the numbers match your 1095-A and double check your math. Youtube has some good tutorials if you get stuck.

Bro why do tax preparers give such garbage advice sometimes? This is literally basic tax stuff smh

Your tax preparer definitely gave you bad advice here. The IRS specifically asked for BOTH forms for a reason - the 1095-A shows what you received from the marketplace, but the 8962 is what actually reconciles your premium tax credits on your return. Without the 8962, they can't verify that you claimed the correct amount of credits. I'd recommend getting both forms together and sending them as requested, or you'll likely just get another letter in a few months asking for the missing 8962.

Definitely send both forms! I had this exact same situation last year and tried to just send the 1095-A like your tax preparer suggested. Big mistake - got another notice 3 months later demanding the 8962 and ended up with penalty interest. The 8962 is crucial because it shows how your advance premium tax credits were calculated and reconciled. If you need help with the 8962, the IRS website has a decent step-by-step guide, or you might want to consider finding a new tax preparer who actually knows what they're doing 😅

I work with tax compliance issues regularly and can confirm you absolutely need both forms. The 1095-A is just the information document from your marketplace, but Form 8962 is what actually reconciles your premium tax credits on your tax return. The IRS needs to see both to verify everything matches up correctly. Your tax preparer's advice could seriously backfire - you'll likely just get another notice in a few months asking specifically for the 8962, and by then you might face additional penalties or interest. I'd recommend sending both forms together as requested and honestly consider finding a more knowledgeable tax preparer for next year.