I missed the health care portion on my tax. IRS sent me letter to send form 8962 and form 1095-a. When I recalculated by putting form 1095-a. It says I owe IRS all the premium subsidy back. Which is more than $14000. I am out of job and can not pay this money what should I do? Thanks.
Send the 1095-A and the 8962 that the IRS is requesting and when they send you a bill you can get on a payment plan ... they will send you information on how to make payments.
I can not pay that kind of money $15000. I am out of job and my wife is working to pay house hold bills. How can I avoid this kind of big bill?
Read the information the IRS will send with the bill for your options.
Assuming it is accurate, there is no way to avoid it. You will just need to set up a payment plan.
From the IRS .... Can't Pay Now?