Form 1095-A: Incorrect Data Sent for Computing Premium Tax Credit to 800,000 Taxpayers

The U.S. government’s Centers for Medicare and Medicaid Services (CMS) has announced that it sent incorrect data on Form 1095-A to approximately 800,000 taxpayers who purchased Federally-facilitated Marketplace health care coverage under the Affordable Care Act in 2014. Form 1095-A is the form that provides data for individuals to compute the Code Sec. 36B premium tax credit on their 2014 individual income tax returns.  CMS suggests that those taxpayers not file their 2014 returns until they receive corrected Form 1095-A, but has also provided alternative procedures.  For more information please visit the CMS blog or the blog.