Customers who file a return which should include Form 8962, Premium Tax Credit, may receive the following Reject Code, F8962-070:
- “The e-File database indicates that Form 8962 or a binary attachment with description containing "ACA Explanation" must be present in the return.”
Reject Code F8962-070 is a legitimate reject code.
The IRS implemented this check for taxpayers who received the Premium Tax Credit (PTC) payments during the 2021 Tax Year. Taxpayers must add Form 8962 to the return to reconcile the payments received against the credit calculated and either pay back or get additional refund.
Navigate to the Main Info form and search for the question under the Taxpayer Information section that indicates that the taxpayer/spouse/dependent received insurance through the Marketplace.
In addition, the Taxpayer must include information from Form 1095A, Health Insurance Marketplace, as part of their return before submitting.
- “If you or anyone in your household enrolled in a health plan through the Health Insurance Marketplace, you’ll get Form 1095-A, Health Insurance Marketplace Statement. You will get this form from the Marketplace, not the IRS.” Source: IRS, Form 1095-A, Health Insurance Marketplace
- “You will use the information from the Form 1095-A to calculate the amount of your premium tax credit. You will also use this form to reconcile advance payments of the premium tax credit made on your behalf with the premium tax credit you are claiming on your tax return. To do this you will use Form 8962, Premium Tax Credit, which you file with your tax return.” Source: IRS, Form 1095-A, Health Insurance Marketplace
If your client did not receive it however you still have to send the form 8962, you can fill out 8962 by marking a box on line 4. Line 9 No, Line 10 Yes, Line 11 have to override the 3 red lines. 11a - F3, 11b - F3, 11f - F3. This should allow you to send the client return. However, this isn't saying they didn't have it. The IRS is the authority on this and it may delay your client's return if you do not fill it out with the correct information.