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IRS Tax Tip 2020-21: Taxpayers Must Reconcile Marketplace Advance Payments and File Form 8962
Internal Revenue Service [IRS] 
[Guidance Overview] Feb. 14, 2020 "Failing to file Form 8962, Premium Tax Credit, to reconcile 2019 advance payments of the premium tax credit may affect return processing, and delay the taxpayer's refund. It may also affect their ability to get advance payments of the premium tax credit or cost-sharing reductions. Taxpayers who don't file and reconcile their 2019 advance credit payments may not be eligible for advance payments of the premium tax credit in the future." MORE >> |
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