Recent content by azdolfan

I finally found a VITA rep that helps after April 15th, but appts have been backed up since only on Thurs. I can't afford a paid tax prep. I know there is penalty if not filed in time, but is that penalty applied for the months after April 15th or after Oct 16th since I filed an extension? Thx

Thank-you! Strange the IRS site doesn't state that. It sounded more like just banished from future advance payments for premium tax credits in the marketplace.

Florida After receiving a 1095-A form, a tax return is required to have a form 8962. Person is disabled now and b/c of lump back pay of SSDI, exceeded the ACA income range. Return was filed with an extension, and due now. My question is, how serious can it be if the form 8962 is not filed...

Yes, but it all was so vague, and I narrowed down my question. No one was helping me anymore, only saying go to a tax specialist. It's too late before the deadline, so was hoping since I learned alot and narrowed down my question, someone could help or see post.

Florida Note: I tried to make an appt to speak with a tax specialists days ago, but none were available. I will have to file an extension if someone on here is unable to help. I have a lump payout (SSA-1099), but a lot was for prior years paid this year, that puts me over the poverty limit...

I found a way to reduce it to $325 owed! But, I don't want to file incorrectly if wrong, so want to be sure I'm doing it right. Here's my numbers for my SSA-1099: * Paid out in 2022: $70,945 * $22,116 for 2021, but paid in 2022 * $21,828.00 for 2020, but paid in 2022 * $ 3,582 for 2019...

Not sure how to do that. I just answer the questions. Taxact used the term MAGI, but TurboTax never used that term. I had to google that term. I have done my taxes in the past, but always got a refund, so was easier than. lol

Thank-you all for your feedback! Taxing Matters (responder above), to answer your question, I did not get an IRS letter. I'm just using my 1095-A and SSA-1099. And, yes Obamacare is the ACA program through healthcare.gov website. I got max credit. Note, I tried looking up getting help with...

Florida Obamacare Health Insurance Penalty I had Obamacare health insurance last year like prior years, but this time, I didn’t fall in the min/maximum range. Now, I owe over 5k to the IRS. I've never owed the IRS ever, and that amount is just a shock to me. All because I needed medical...