Taxpayer claimed mother as dependent on Form 1040, received notice Form 1095-A and Form 8962. the 1095-A they want her to pay back the entire $12,000. how can we rectify

Forum|Forum|6 years ago
December 7, 2019
5 replies
8 views

The form 8962 wants her to pay back $12,000. the IRS notice states do not do an amended. I want to amend and remove elderly parent and change filing bracket. what can we do, i have 8 days left.

ProSeries Professional

This topic has been closed for replies.

Best answer by TaxGuyBill

I would:

Amend the tax return to remove the dependent elderly mother.
Respond to the IRS notice telling them the dependent is being removed on an amended return (you may even include a copy of the soon-to-be-amended tax return with the response to the notice).
File elderly parent's tax return. She will still be disqualified from the Premium Tax Credit (because she qualifies to be a dependent), but the repayment will be much lower.

Just-Lisa-Now-

Intuit Community Champion

Who has coverage on the 1095A? The taxpayer or the mother?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

I

imantaxAuthor

Level 3

THE MOTHER, AGE 78

I

imantaxAuthor

Level 3

single taxpayer HOH to claim mom, mom has 1095-A

Just-Lisa-Now-

Intuit Community Champion

that clarifies it, thank you...follow the advice shown below.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

TaxGuyBillAnswer

Level 15

I would:

Amend the tax return to remove the dependent elderly mother.
Respond to the IRS notice telling them the dependent is being removed on an amended return (you may even include a copy of the soon-to-be-amended tax return with the response to the notice).
File elderly parent's tax return. She will still be disqualified from the Premium Tax Credit (because she qualifies to be a dependent), but the repayment will be much lower.

Just-Lisa-Now-

Intuit Community Champion

this is assuming its the mom with the 1095A, not the taxpayer that just forgot to enter their 1095A, right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Sign up

Login with SSO

Let's get you signed in

Login with SSO