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IRS Delaying Refunds For Thousands Of Obamacare Enrollees
The hold up, she says, is subsidy data from state health exchanges.
What's more, Olson said the IRS told its telephone representatives not to tell callers the reason for the delay.
Obamacare enrollees received subsidies based on their estimated income for 2014. Now that they know their actual income, the IRS has to make sure the initial subsidy amount was correct.
Some enrollees will have to pay back part of their subsidies or receive smaller refunds if they underestimated their incomes. Others may get larger refunds if they earned less than they anticipated.
The IRS needs to get the 1095-A forms, which includes the subsidy data, from the state exchanges to confirm the information taxpayers put on their return is correct.
Olson's comments are the latest headache for Obamacare enrollees and the Obama administration. Last month, administration officials said that 800,000 enrollees received incorrect 1095-A forms.
Read the full story: www.money.cnn.com
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