The Taxpayer Advocate Service has published an article titled “TAS Tax Tip: Include Your Premium Tax Credit Form 8862 to Avoid Errors”. The article begins as follows:
Be aware that 2021 electronically filed tax returns that require taxpayers to reconcile advance Premium Tax Credit payments on Form 8962 will be rejected this year if the form is missing. Taxpayers and practitioners can simply complete a new tax return, including the required line amounts, attach the Form 8962, and re-file using e-file to correct the issue.
To view the full article, click: “TAS Tax Tip: Include Your Premium Tax Credit Form 8862 to Avoid Errors”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal