The Internal Revenue Service would rather see public exchange plan users send it inaccurate Form 1095-As than no 1095-As.
Officials made that view plain Friday in a statement and a question-and-answer set about 1095-A problems.
</aThe IRS has decided to expand the relief it announced in February for taxpayers who get inaccurate 1095-A. The February announcement applied to taxpayers who get corrected 1095-As from the exchanges run by the U.S. Department of Health and Human Services after filing their 2014 taxes based on the inaccurate 1095-As. The IRS announced it would not require those taxpayers to file amended returns. Now, the IRS says that relief applies taxpayers who get corrected forms from state-based exchanges as well as from HHS-run exchanges.
Taxpayers who think filing amended returns will help them get money back from the IRS are welcome to do so, officials say.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
