IRS form 1095-A

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JOhnH

Touchdown! Greaser!
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Will I get audited (or at least questioned) if I file my taxes without a form 1095-A that shows that was covered by insurance all year? The 1095-A they sent me was in error and only showed coverage through April.

Last year I purchased medical insurance through the ACA marketplace. (never again).

My payment that was due on May 1 wasn't posted until May2. May 1 was Easter Sunday. Since it was a day late, they cancelled my policy, but immediately reactivated it the next day when they posted the payment.

This year, when I got my 1095-A tax form, it only showed coverage through April. I have contacted them several times and they always inform me (as if I didn't already know) that there was an error in the form and a new one will be issued shortly. First call they said it would be issued by Feb 28. On Feb 28 I called and they said March 28. On March 28 they said April 10. On my March 28'th phone call, which lasted about 45 minutes and in which I talked to 3 or 4 different people, when we finished I thought they hung up and I said in an exasperated voice to my wife, "Where do they get these idiots?" Then I heard a voice on the phone that said "Mr. xxxxx; will there be anything else?"
I was surprised they were still there and listening and I said "NO!" and hung up for real.

On April 10 I called again and they kept me waiting a while while they "researched" my problem. I am guessing they read where I asked about the "idiots". When they came back they curtly said a new form would be issued by April 25th and "will there be anything else?" When I said "No" they said "bye". I listened for a while and never heard the click that means the call ended. Afterabout 20 seconds, I hung up on them. Besides being P.O.ed that I am not supposed to file my taxes till I get this form (and therefore have to wait for my $5k refund) I don't like that they keep listening after they act like they have hung up.
 
mulligan said:
Must be nice getting a return. That's what I took away from this.
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I thought someone would comment on that. ;)

Because I sold my business in 2015, I had to pay $136K on April 15 last year, on top of the $66k I had already paid in estimated payments. :mad: The refund this year was due to a slight over payment last year.
 
Sorry can't help with ur situation,... But I have to pay taxes so i will take ur situation over mine. About the phone thing, most customer service reps are trained to hold the line until the customer disconnects.

Sent from my SM-G935V using Tapatalk
 
WannFly said:
Sorry can't help with ur situation,... But I have to pay taxes so i will take ur situation over mine. About the phone thing, most customer service reps are trained to hold the line until the customer disconnects.

Sent from my SM-G935V using Tapatalk
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We (almost) all have to pay taxes. It is just that some of us have more withheld in advance (or paid more in estimated payments) than others. Your situation would be worse if you had been overpaying all year and were expecting a larger refund than me.
 
JOhnH said:
We (almost) all have to pay taxes. It is just that some of us have more withheld in advance (or paid more in estimated payments) than others. Your situation would be worse if you had been overpaying all year and were expecting a larger refund than me.
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I actually agree on that. There is no way I am overpaying and giving interest free money to IRS.

Sent from my SM-G935V using Tapatalk
 
JOhnH said:
Will I get audited (or at least questioned) if I file my taxes without a form 1095-A that shows that was covered by insurance all year? The 1095-A they sent me was in error and only showed coverage through April.

Last year I purchased medical insurance through the ACA marketplace. (never again).

My payment that was due on May 1 wasn't posted until May2. May 1 was Easter Sunday. Since it was a day late, they cancelled my policy, but immediately reactivated it the next day when they posted the payment.

This year, when I got my 1095-A tax form, it only showed coverage through April. I have contacted them several times and they always inform me (as if I didn't already know) that there was an error in the form and a new one will be issued shortly. First call they said it would be issued by Feb 28. On Feb 28 I called and they said March 28. On March 28 they said April 10. On my March 28'th phone call, which lasted about 45 minutes and in which I talked to 3 or 4 different people, when we finished I thought they hung up and I said in an exasperated voice to my wife, "Where do they get these idiots?" Then I heard a voice on the phone that said "Mr. xxxxx; will there be anything else?"
I was surprised they were still there and listening and I said "NO!" and hung up for real.

On April 10 I called again and they kept me waiting a while while they "researched" my problem. I am guessing they read where I asked about the "idiots". When they came back they curtly said a new form would be issued by April 25th and "will there be anything else?" When I said "No" they said "bye". I listened for a while and never heard the click that means the call ended. Afterabout 20 seconds, I hung up on them. Besides being P.O.ed that I am not supposed to file my taxes till I get this form (and therefore have to wait for my $5k refund) I don't like that they keep listening after they act like they have hung up.
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I doubt very much that would trigger an Audit. I'll bet they don't even notice. If they do, you'll probably get a letter asking for more info. You have the records that you we're covered. Cost you a little time gettin it cleared up. All bets are off though if you been pencil whiping them elswhere.
 
JOhnH said:
We (almost) all have to pay taxes. It is just that some of us have more withheld in advance (or paid more in estimated payments) than others. Your situation would be worse if you had been overpaying all year and were expecting a larger refund than me.
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I think he meant Federal income tax return - only about half of us pay that, I think. Probably best to owe a minor amount at tax time. . .
 
WannFly said:
There is no way I am overpaying and giving interest free money to IRS.
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Especially since you could make enough interest for a beer if you put that overpayment in the bank. Better yet, take the extra cash each pay period and blow it. Then at tax time, I'll take MY refund and go on a nice vacation while you complain about not getting a refund. :p

The interest-free loan argument had merit when interest rates were 15%, not so much at 0.15%. I'm a tax return preparer during the season and have exactly 1 client who always wants to break even.
 
Why are you not happy that the government takes care of all your healthcare needs by asking for this form ?
 
weilke said:
Why are you not happy that the government takes care of all your healthcare needs by asking for this form ?
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Why do you assume that the government takes care of any of my healthcare needs? I received No suubsidy. I just need the form to prove i had coverage.
 
JOhnH said:
Why do you assume that the government takes care of any of my healthcare needs? I received No suubsidy. I just need the form to prove i had coverage.
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That's the point. They dont.
 
They kick your door in, hold your kids a gunpoint, take all your valuables, seize your bank accounts, your kids college bound accounts, then start harassing everyone you are related to, and most of the people you ever shook hands with.
And that's the "kinder, gentler" IRS.
I think this is a joke, but I'm not entirely sure.
 
Shepherd said:
They kick your door in, hold your kids a gunpoint, take all your valuables, seize your bank accounts, your kids college bound accounts, then start harassing everyone you are related to, and most of the people you ever shook hands with.
And that's the "kinder, gentler" IRS.
I think this is a joke, but I'm not entirely sure.
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On the few occasions I've had to call IRS they've always been pleasant and competent. (NYS DTF, not so much, especially on the latter count.)

Rich
 
The form doesn't matter. What they electronically reported to the IRS matters on whether you get dinged for the tax.
 
hotprops said:
file a extension
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Yeah, that's what the agent at the ACA said. But I bet if she was waiting for a $5k refund, she wouldn't be quite as satisfied with that answer.

It's not the $5k refund that I am ****ed about. That is peanuts. It is the sheer incompetence of the bureaucracy, and the fact that the IRS would not take such an excuse from me. When I owned my business, I was required by law to distribute tax information in a timely manner or I would have been fined.
 
weilke said:
The form doesn't matter. What they electronically reported to the IRS matters on whether you get dinged for the tax.
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Exactly. That is why I want them to generate the correction asap and get it to the IRS before they process my return. Or at least before the IRS calls and asks me for documentation.
 
orange said:
Especially since you could make enough interest for a beer if you put that overpayment in the bank. Better yet, take the extra cash each pay period and blow it. Then at tax time, I'll take MY refund and go on a nice vacation while you complain about not getting a refund. :p

The interest-free loan argument had merit when interest rates were 15%, not so much at 0.15%. I'm a tax return preparer during the season and have exactly 1 client who always wants to break even.
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I actually like to owe them just enough not to trigger an underpayment penalty. I'd rather hold their money than have them hold mine, and then have to wait to get it back.

Rich
 
Before the laws changed in the mid 70s and again in the 1980s, the IRS held my father hostage for over 20 years.
In 1951, Dad went to Morocco to build airfields and oil storage facilities. He was there for 3 years.
Now the law was very clear. If you are working out of the country for 2 years you don't owe Uncle Sugar any taxes. Even the IRS conceded to that.
In 1952, Dad had to fly from Morocco to France to buy a bunch of construction equipment. He flew there on Pan Am.
In 1954, when tax time came around, they claimed he owed taxes on all his overseas earnings.
Why you ask?
Because he flew to Paris on an America carrier, therefore American soil, so pay up.
In those days the IRS had total authority and citizens had essentially no rights. You couldn't get a trial unless you paid all the money they claimed, in advance. Then, if you won, (no one ever won) you had to sue to get your money back. They had no obligation to give it back.
This went on until the law changed, and in 1977 Dad got his day in court.
The judge took one look at the charges, questioned the IRS lawyers and, immediately threw the case out.
The judges only regret was spoken to the IRS lawyers, agents, and supervisor assembled before the bench: "I wish I had the power to put the whole lot of you in prison, but I don't. Case dismissed."
 
RJM62 said:
I actually like to owe them just enough not to trigger an underpayment penalty. I'd rather hold their money than have them hold mine, and then have to wait to get it back.

Rich
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For about the last 20 years, I wrote the IRS a 4 or 5 figure check every April because I paid the minimum estimated taxes I was allowed to. For 2015, I wrote them a 6 figure check because I sold my business and triggered a rather large capital gain. Last year I claimed a $5k refund and people seem to think I am a tax idiot or a free loader. Go figure.
 
JOhnH said:
For about the last 20 years, I wrote the IRS a 4 or 5 figure check every April because I paid the minimum estimated taxes I was allowed to. For 2015, I wrote them a 6 figure check because I sold my business and triggered a rather large capital gain. Last year I claimed a $5k refund and people seem to think I am a tax idiot or a free loader. Go figure.
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Meh. Who cares what people think? In the exceedingly rare cases when I've been due a refund, I always applied it to the next year's taxes anyway. The last time I actually received a refund in my hand was probably some time in the early 1980's.

Some people really like that big refund. If that's what they like, then fine. Whatever floats their boats. Me, I'd rather not have to wait for Uncle to get around to sending me the money he owes me at the end of the year. I think the cut-off for a penalty is if your estimated taxes wind up being less than 90 percent of the total due, so that's what I shoot for.

Rich
 
hotprops said:
why did you buy obamacare??
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For the past 20 years, I got my insurance through my business, which I sold last year. I thought I had to go through the market place to get insurance whether I got a subsidy or not. That was a mistake on my part, and why I said in the first post that I would not do it again.
 
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