Good day Folks: Here is the issue from a friend.
Taxpayer, has a 34 year old living at home and unemployed all of 2014. The son started Obama Care in May of 2014. Taxpayer claimed him as a dependent, since she supported him in 2014. The IRS is holding up the tax refund for the taxpayer, the IRS is asking for Form 1095a and 8962 forms.
My feeling is, the son should have filed a zero return, and filing Form 8962.
From what I am reading from the IRS letter, it sounds like by Filing 8962, the parents maybe liable for repaying the premium credit.
Any suggestions????
Andrew J Piernock, Jr ATP
Accredited Tax Preparer
Piernock Accounting Services
123 W Ritner Street
Philadelphia, PA 19148
267-318-7510
andrewpiernock@comcast.net