IRS requesting 1095-A and 8962 Forms - Do I really need both? Help with marketplace premium tax credit forms
Just got a letter from IRS asking me to fax over 1095 and 8962 forms. My tax preparer is telling me to only send the 1095-A and forget about the 8962. Getting mixed signals here and dont want to mess this up. Anyone know if I really need both? The 8962 form looks complicated af and I could use some help filling it out if I actually need it.
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Giovanni Ricci
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.
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Amara Eze
•omg thank you! definitely gonna need help with that 8962 then 😩
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Giovanni Ricci
•No problem! The numbers from your 1095-A go right into the 8962. Just take it slow and follow the instructions line by line.
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NeonNomad
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
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Fatima Al-Hashemi
•What exactly does this tool do? Can it help fill out the forms?
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NeonNomad
•It breaks down everything in your transcript and tells you exactly what you need to do. It spotted my premium tax credit issue right away and gave me step by step instructions 💯
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Fatima Al-Hashemi
•Just tried it and wow! This thing is actually incredible. Saved me hours of research and confusion 🙌
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Dylan Mitchell
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
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Sofia Martinez
time to fire that tax preparer bestie 🤡
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Amara Eze
•fr fr ðŸ˜
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Dmitry Volkov
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.
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Ava Thompson
Bro why do tax preparers give such garbage advice sometimes? This is literally basic tax stuff smh
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CyberSiren
•cause they got their certification from a cereal box 💅
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Nia Davis
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.
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