By - October 17, 2017

IRS Letters 6002 are Arriving

IRS Letter 6002 for individuals

The IRS is starting to issue Letter 6002 to individual taxpayers who failed to report health coverage on their 2014, 2015, and/or 2016 tax returns.

The IRS made it mandatory in 2015 for employers and coverage providers to mail 1095 forms to employees who were eligible for health coverage. However, in 2014, this mandate was only applicable to individual tax payers. Your employer may not have documentation showing coverage in 2014 but your health care provider will.

If you received this letter from the IRS, then it is because you did not check the box on your tax form that you had health coverage. Please provide a copy of the letter to your employer.  Tango will help assist in researching your information and provide copies of your 1095 forms for the years in question if applicable. If you did not have coverage then you must claim an exemption or report a payment.

Report full year coverage

If you, your spouse, and your dependents had qualifying coverage for all 12 months then you simply need to check “yes” in the full-year coverage box on page 1 of Form 1040X.

Claim a coverage exemption

If you meet the criteria for a coverage exemption, complete Form 8965, Health Coverage Exemptions. Submit the form with your Form 1040X. The instructions for Form 8965 have more information on the types of exemptions and how to claim them.

Report a payment

You must report a shared responsibility payment for any month during the year that you or any family member did not have qualifying health coverage and cannot claim an exemption. Report this payment on line 9 of Form 1040X. The instructions on Form 8965 have more information about how to figure the amount of your payment.

For more information on Letter 6002, please visit: https://www.irs.gov/individuals/understanding-your-letter-6002

Forms:

Please contact us for any questions or consultation on how to communicate with your employees and assistance with responding to the IRS.

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