WASHINGTON - In light
of today’s announcement—regarding additional incorrect information on
certain Marketplace tax statements (Forms 1095-A)—the Department of
the Treasury is expanding the relief it announced
previously on February 24, which will mitigate any harm to tax filers. Any
individual who enrolled in qualifying Marketplace coverage, received an incorrect Form
1095-A, and filed his or her tax return based on that form does not need to
file an amended tax return. The IRS will not pursue the collection of any
additional taxes from these individuals based
on updated information in the corrected forms. This relief applies to tax
filers who enrolled through the federally facilitated marketplace or a
As before, some individuals may choose to file amended
returns. Treasury intends to provide additional information to help tax
filers determine whether they would benefit from filing amended returns.
Individuals also may want to consult with their tax preparers to
determine if they would benefit from amending.
Only a small fraction of tax filers received incorrect
Forms 1095-A. Treasury estimates that in the vast majority of these cases, the impact on an individual’s tax liability
will be very small.
We continue to urge individuals
who have been notified of errors on their Forms 1095-A and have not yet filed
their tax returns to wait to file until they receive corrected forms.
Read CMS’s blog here.
For additional information, read Treasury’s FAQs here.