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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
I filed form 8453 Health Coverage Tax Credit with my info from my 1095-A. Not a credit I qualify for but I didn't know this upon doing my taxes. I filed and was accepted on 1/31 and had been getting the "processing" message for 21 days. I've never waited longer than a few days for approval or for longer than 14 days to get my refund direct deposited so I knew something wasn't right... I am speculating this has to do with the HCTC form that I filed in error.
I called this morning and was told my return has been suspended and is under review. The rep told me I was to wait up to 8 weeks from the date my return was accepted for a letter (basically 5 weeks from now). Has anyone experienced this? Can IRS just fix my error or will I need to re-do/amend my entire return?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
The IRS may "fix" your error or the IRS may ask you to amend your return (or anything in between).
From your point of view, you have three things to do:
1. Before you get the letter, craft a written explanation explain why you took that credit by mistake. (Note, you are not the first taxpayer to do this)
2. When you get the IRS letter, read the letter carefully and do exactly what it says - amend or not amend, send this or that form, whatever.
3. The IRS usually gives you 3 weeks or so to respond. If you can't do what they want you to do in that timeframe, respond anyway, if only to explain that you are working on it and will have what they want soon. The worst thing in the world is to ignore the IRS.
Note that the IRS may actually be writing about something else entirely. In which case, do what they want you to do as well as explain that you took the HCTC by mistake. Ask them what to do. They may tell you to amend your return, but often they fix your return for you and ask if that is OK with you (yes, more often than not you will have to send them a check, but when you pay what they want, it's all over and done with).
If the IRS just asks for corrected forms, you will go through the amendment process in TurboTax anyway, to get the corrected forms; you just won't mail the entire package, but only what the IRS asks for.
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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Filed form 8453 HCTC by mistake... don't qualify for it but didn't realize. My return is being suspended & was told to wait for a letter from IRS. Anyone know what to do?
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