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- #31
Looks like Forbes reads the forum to get their next talking point:
Have You Heard The One About The Tax Credit That You Pay To The IRS? - Forbes
Have You Heard The One About The Tax Credit That You Pay To The IRS? - Forbes
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I hope most of the Subsidized people use software to file their 2014 taxes.
Those who typically fill out the IRS 1040 that comes in the U.S. Mail will be frustrated when they arrive at the Subsidy calculation routine. The APTC-related forms won't be in their "package".
Those who file the 1040A or 1040EZ won't even see a subsidy/aptc question. They'll complete the form only to have it rejected by the IRS at some point down the road...maybe.
2014 1040/a/ez/etc has a line for individual responsibility payment. Well, at least the drafts do. I'd expect the ones that get mailed out will have this line.
Ray, the IRS says you can't use form 1040EZ if you received, or want to claim the ACA's Advance Premium Tax Credit. But thanks for letting me know that the IRS 1040A can be used.
ac
I'm still trying to make sense of all this, I'm getting phone calls left and right with people excited to file their taxes ASAP.
I hope most of the Subsidized people use software to file their 2014 taxes.
I'd better click and read your profile. Maybe I can learn from it how to make my clients "excited" to file their taxes too! My subsidy recipients are facing the 2015 filing event with higher than normal trepidation.