1099 R
Pension and IRA distributions are reported to the taxpayer on which form?
1099 R
Which form is received when a taxpayer purchase insurance through the market place?
1095 A
Filling without the proper form 1095 A information may cause the IRS to do what?
Hold the tax return
True/False: If the only income the taxpayer has is Social Security benefits, they are required to file a tax return?
False: They are generally not required to file a tax return.
What _______ amount should be shown in box 2a in a 1099 R form?
Taxable
What form is used to calculate the amount of the premium tax credit (PTC) and reconcile it with the advance payment of the premium tax credit (APTC)
Form 8962
Which form is issued by the health insurance carrier for all individuals with minimum essential insurance coverage through their employer?
Form 1095 B
The SSA provides each taxpayers who receives benefits which form?
SSA-1099 Social Security Benefit Statement
How long do a taxpayer have to rollover a IRA distribution without a penalty?
60 days for it to be tax free
True/ False: Advance Premium Tax Credit is a tax credit you can take in advance to lower your monthly health insurance payment (or “premium”)
True
Which form is issued by all large employer to report the cost of any offered insurance or if no insurance was offered?
Form 1095 C
If the taxpayer is required to file a tax return, then any social security benefits shown on form SSA-1009 must be reported on which form?
Form 1040
Which box is distribution code in?
Box 7
PTC or APTC: is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace.
PTC
Which form is not to be included with the filled tax return and the taxpayer is not required to have the form before filling?
Form 1095 B
Which form may the taxpayer use when requesting voluntary withholding for Social Security benefits
Form W-4V
What box is marked when a tax payer takes out all of their retirement funds?
Box 2B Total distribution
True/Fales: Eligibility for the premium tax credit by eliminating the rule that a taxpayer with household income above 400% of the federal poverty line cannot qualify for a premium tax credit.
True
Which form is used to verify months of coverage if the employer has a self-insured plan?
Form 1095 C
what all is included calculating the taxable amount for 1099-SSA
All their taxable income
All their tax-exempt interest
Half of their Social Security benefits