What Happened to Form 8962 in the E-File Database?
The F8962-070 Code and Form 8962
F8962-070 Code Explanation
What is F8962-070 code? The IRS sent this check to taxpayers who earned Premium Tax Credit (PTC) payments for the fiscal year 2021. If an individual tax return does not include Form 8962, Premium Tax Credit, it will be rejected with code F8962-070: According to the e-File database, Form 8962 or a binary attachment with the caption "ACA Explanation" must be included in the return. In tax year 2021, the IRS began utilizing this reject. When the IRS database reveals that the taxpayer, spouse, or dependant got an advanced premium tax credit but the form is missing from the efile, reject F8962-070 problems.What should taxpayers do if they receive reject code F8962-070?
Taxpayers who receive reject code F8962-070 should make sure to include Form 8962, Premium Tax Credit, or a binary attachment with the caption "ACA Explanation" in their e-file return. This is essential to avoid the rejection and ensure that the IRS processes their tax return smoothly.