ACA Filing Income Taxes Deadline or Extension

[leonard]

guy bought ACA plan with premium subsidy and copay/deductible assistance for 2016. Did again for 2017. ACA sends email saying if does not complete taxes by April deadline, may lose subsidy. (did not previously have to submit income documentation) (on applying he did not authorize medicare to check tax data)

He was planning to do extension. Does he have to get taxes done or is that just preferred.

Or does he have to file taxes in April? thanks

 

[tonyisme]

My CPA in Arizona told me if getting a health insurance subsidy then cannot file tax extensions. He told me that a couple years ago.

He warned me he didn't want to deal with subsidy clients.

And if he did have to deal with him he was going to charge a lot more money to deal with them.

 

[LostDollar]

https://www.irs.gov/affordable-care-act/health-care-law-and-taxes-last-minute-tip

That IRS link suggests extension is allowed.

NOTE: AN EXTENSION DOES NOT GIVE YOU EXTRA TIME TO PAY THE TAX.