WARNING - potential for delays in fee collect and taxpayer refunds if returns 'silent' for ACA

[jklcpa]

I am posting this in general chat because this is about general handling and processing of returns and not really a question specific to the ACA.  This season will be tough enough without the added delay in collecting fees or having to explain to clients why they haven't received their refunds. Be sure to double check this before finalizing the returns for filing:

 

If returns are filed with line 61 blank and no form 8965 or 8962 is included (totally "silent" for the ACA), the IRS will pull the return for error resolution and any refund will be delayed.  If this is an ERC or Fee Collect return, the preparer's fees will not be collected if the IRS chooses to mail the refund as a paper check later, rather than as a direct deposit.   This was posted to the ATX blog earlier in January.

 

 

[Chowdahead]

I am posting this in general chat because this is about general handling and processing of returns and not really a question specific to the ACA.  This season will be tough enough without the added delay in collecting fees or having to explain to clients why they haven't received their refunds. Be sure to double check this before finalizing the returns for filing:

 

If returns are filed with line 61 blank and no form 8965 or 8962 is included (totally "silent" for the ACA), the IRS will pull the return for error resolution and any refund will be delayed.  If this is an ERC or Fee Collect return, the preparer's fees will not be collected if the IRS chooses to mail the refund as a paper check later, rather than as a direct deposit.   This was posted to the ATX blog earlier in January.

 

That's a bit different than a couple weeks ago when they were saying the taxpayer wouldn't get a refund for 3-4 months if the 8962 wasn't present and the person received the APTC.

 

I tend to include the state refund in the Fee Collect just in case something like this happens (offsets, etc).  ATX charges the same fee.So it's a little insurance.