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I received a CP2000 form. The main issue IRS raised is I received $6345 from Optimum Health Bank, but showed $0 on my return. I have a high deductible medical insurance policy thru work. The Form 1099-SA from OHB shows distribution code 1, I entered I have a high deductible plan on my form 8889
$6345 is the gross distribution on the Form 1099-Sa from OHB
Can you provide what exactly did you report on 8889?
box 1 checked family
box 3 $6150, box 4 $0, box 5,6,8,9,11 $6150, box 12 $100
used turbo tax....
oops box 9 is $6050
box 11 is $6050
I am wondering if I should have listed my monthly fees? plus $4K deductible, 20% after deductible...
did I lose you?
hi...is this chat working?
Please let me some time to verify
I see that form 8889 line 2 doesn't report any contribution - that amount should be from W2 - did you have any contributions?
let me check
what is it listed under?
2. form 8889 Line 14a should be from 1099SA box 1 - do you have any amount?Line 15 should report Unreimbursed qualified medical expenses - assuming all money were used for medical expenses - these amount should be equal - please verify?
12W $2094 and $3955
14 thru 17b are blank
so I should have 6345 in box 14a, and since it was all for medical bills, should have $6345 in box 15?
1. 12W is employer's contribution on your behalf - that is reported correctly. I assume that you did not make any additional contributions.
I put in $ into the HSA
I pay monthly for the medical..
Yes - if lines 14a and 15 are blank - that means - you did not report distribution which was reported to the IRS on form 1099SA - and that is likely the issue.
so $6345 is the pay out from my HSA......that I contributed to before taxes....
So to clear this up, I return the CP2000 with the 8889 marked up and a letter of explanation...
I assume the IRS doesn't ask for any supporting documents for your medical expenses - so that is not the issue. But they want you to report distribution from HSA.Yes - you need to correct form 8889 and send it to the IRS.You need to prepare amended tax return - form 1040X - no changes in calculations - but in amending reason - mention that corrections are made for form 8889 - and attach this form. You may attach a letter of explanation but it is not required.All that need to be send with CP2000 - mark that you disagree and explain.
ok form 1040x is self explanatory...
form 1040x have original and corrected amounts in different columns - in your case - there is no changes and amounts will be same - so there should not be any issues.As you need to correct form 8889 - all corrections are made as attachments to amended tax return - that is the established procedure.Do you need a link top form 1040X?
no...I am good
I think we are all set!
Here is is - http://www.irs.gov/pub/irs-pdf/f1040x.pdf
You may try to send just form 8889 with CP2000 - sometimes teh IRS woudl accept that - but there is no guarantee.
I will fill it out