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.
- Meet your tax obligation in monthly installments by applying for a payment plan (including installment agreement).
- Find out if you qualify for an offer in compromise -- a way to settle your tax debt for less than the full amount
- Request that we temporarily delay collection until your financial situation improves