ACA warning issued
The Internal Revenue Service is warning people who receive health insurance through the Affordable Care Act to pay close attention to their mail because those who obtained an extension on filing their 2014 tax returns could lose a tax credit for that insurance if they have not yet filed the 2014 return.
The deadline for filing those delayed 2014 returns is October 15. The return should include a form—Form 8962, which can be obtained at www.irs.gov/pub/irs-pdf/i8962.pdf. If the '14 return does not include that form, the tax credit could be in jeopardy of renewal.
According to the Nevada health insurance exchange, “Individuals who have not filed a 2014 return and Form 8962 will receive a letter from the IRS providing notification of the failure to reconcile.” Pay attention.