The
IRS is sending letters to taxpayers who received advance payments of the
premium tax credit in 2014, but who have not yet filed their tax return. You
must file a tax return to reconcile any advance credit payments you received in
2014 and to maintain your eligibility for future premium assistance. If
you do not file, you will not be eligible for advance payments of the premium
tax credit in 2016.
If
you receive a Letter 5591, 5591A, or 5596, you are being
reminded to file your 2014 federal tax return along with Form 8962,
Premium Tax Credit. The letter encourages you to file within 30 days of
the date of the letter to substantially increase your chances of avoiding a gap
in receiving assistance with paying Marketplace health insurance coverage in
2016.
Here’s
what you need to do if you received a 5591 or 5591A letter:
·
Read your letter
carefully.
·
Review the
situation to see if you agree with the information in the letter.
·
Use the Form
1095-A that you received from your Marketplace to complete your return. If you
need a copy of your Form 1095-A, log in to your HealthCare.gov or state
Marketplace account or call your Marketplace call center.
·
File
your 2014 tax return with Form 8962 as soon as possible, even if you don’t
normally have to file.
·
If you have
already filed your 2014 tax return with Form 8962, you can disregard the
letter.
Here’s
what you need to do if you received a 5596 letter:
·
Read your letter
carefully.
·
Review the
situation to see if you agree with the information in the letter.
·
Use the Form
1095-A that you received from your Marketplace to complete Form 8962. If you
need a copy of your Form 1095-A, log in to your HealthCare.gov or state
Marketplace account or call your Marketplace call center.
·
File
your 2014 tax return with Form 8962 as soon as possible, even though you have
an extension until October 15, 2015, to file.
·
If you have
already filed your 2014 tax return with Form 8962, please disregard this
letter.
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