The IRS sent letters this summer to some taxpayers who were issued a Form 1095-A Statement, showing that advance payments were paid to the taxpayer’s behalf in 2014.
They sent the letters because at the time they were mailed the agency had no record that the taxpayer had filed a 2014 tax return. The agency has just listed nine facts taxpayers should know about these letters and the actions they should take.
These include:
- Letters 5591, 5591A, or 5596 remind taxpayers the importance of filing their 2014 federal along with Form 8962.
- They must file a return to reconcile any advance payments received in 2014 and to maintain for future assistance.
- If they do not file, they will not be eligible for advance payments the in 2016.
- Even if taxpayers don’t usually file a return or if they requested an extension to Oct. 15, they should file their 2014 tax return as soon as possible.
- Until they file a 2014 tax return to resolve the issue, they will not be eligible to get advance payments to help pay premiums in 2016 from the IRS.
- Taxpayers should have received a Form 1095-A Statement earlier this year if they or a family member purchased through in 2014. This form provides the information needed to complete Form 8962. Form 8962 must be attached to the income return.
- Consumers should contact if they have questions about the Form 1095-A they received.
- If consumers have recently filed their 2014 return with Form 8962, they do not need to file another return or call the about these letters. In general, it takes about three weeks for a form filed electronically to be processed, and about six weeks for a paper return, although processing times can vary.
- Taxpayers should follow the instructions on any additional correspondence they receive to help the process the return.
In addition to these letters from the consumer’s company may send a reminder to file the 2014 federal return along with Form 8962. In some cases, they may send reminders even if a consumer did not receive advance payments in 2014.
If a taxpayer is not otherwise required to file a tax return, there is no need to file a return if no member the taxpayer’s family received advance payments in 2014.
More information is available on the Act Provisions for Individuals and Families page www.gov/.