accountant1354
Level 1
12-06-2019
09:27 PM
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How do you put this on the 8965 without an exemption certificate number and e-file the return?
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TaxGuyBill
Level 15
12-06-2019
09:27 PM
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Go to the Part III of the 8965 and select exemption code "G" for the Hardship.
The-Tax-Lady
Level 9
12-06-2019
09:27 PM
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Will that work, if there isn't an economic hardship, which is not really clear, or does that just get it e-filed and maybe questioned later?
TaxGuyBill
Level 15
12-06-2019
09:27 PM
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They allowed a new hardship for people who live in areas with limited Marketplace options:
https://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/2018-Hardship-Exemption-Guida...
For 2018, they also allow/force us to waive the penalty for qualified Hardships on the tax return (so they make US determine if they qualify, rather than having the Marketplace tell them if they qualify).
https://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/Authority-to-Grant-HS-Exempti...
Yes, like anything else we put on the tax return, the IRS can always question that taxpayer about it later.
https://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/2018-Hardship-Exemption-Guida...
For 2018, they also allow/force us to waive the penalty for qualified Hardships on the tax return (so they make US determine if they qualify, rather than having the Marketplace tell them if they qualify).
https://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/Authority-to-Grant-HS-Exempti...
Yes, like anything else we put on the tax return, the IRS can always question that taxpayer about it later.
The-Tax-Lady
Level 9
12-06-2019
09:27 PM
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See above answer.