Will Return Get Rejected For Health Insurance?

by | Last updated on January 24, 2024

, , , ,

Next year, for the first time,

the I.R.S. will reject your tax return when filed electronically if you do not complete the information required about whether you have coverage

, including whether you are exempt from the so-called individual mandate or will pay the penalty.

What happens if my return gets rejected?

When you’re unsuccessful at e-filing a return, the system is set up to generate a reject code so that you know exactly what information is missing or needs to be corrected. Just

make the corrections, and you’ll be able to make a second attempt at e-filing

.

Will my tax return get rejected?


The IRS will commonly reject a tax return when it has missing information, or information that’s deemed erroneous

. You may end up having your tax return rejected if you: Enter the wrong Social Security number. Enter the wrong date of birth.

How many times can my return get rejected?

You can re-submit your e-filed return as many times as necessary until the filing deadline in October. However, we recommend that after

three unsuccessful attempts

(with the same e-file error), you print, sign, and mail your return.

How long after return is accepted is it approved?

When you e-file, it typically takes 24 to 48 hours for the IRS to accept your return. Once your return is accepted, you are on the IRS’ refund timetable. The IRS typically issues refunds in

less than 21 days

.

Can I redo my taxes if they were rejected?

You should receive an explanation of why your return was rejected. If you made a mistake in entering a social security number, a payer’s identification number, omitted a form, or misspelled a name,

you can correct these errors and electronically file your tax return again

.

What does it mean if the IRS accepted my return?

When you receive confirmation that the IRS accepted your return, it means that

they have reviewed your return, and it has passed their initial inspection

. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.

What happens if your tax return is wrong?

If you made a mistake on your tax return, you need to correct it with the IRS. To correct the error, you would need to file an amended return with the IRS. If you fail to correct the mistake,

you may be charged penalties and interest

. You can file the amended return yourself or have a professional prepare it for you.

What happens if my tax return is rejected twice?

The Rejection

If you attempt to file your return twice,

the IRS will reject the return and return it with an error code and explanation

. The IRS typically uses error code 0515 or IND-515 to inform the sender that the taxpayer already filed a tax return for the same year using the same Social Security number.

How do I know if the IRS is rejecting my return?

If you find that all of your information, such as your birthday and Social Security number, is correct, then you should

contact the IRS and the Social Security Administration (SSA) to verify their records

. You can reach them by calling: IRS — 800-829-1040. SSA — 800-772-1213.

How long do I have to refile a rejected return?

If you receive a rejection of your e-filed return by the day after the filing deadline (usually April 15), the IRS gives you a rejection grace period of

five days

to refile a timely filed rejected return.

How long does it take for IRS to accept or reject return?

We issue most refunds in

less than 21 calendar days

. However, it’s possible your tax return may require additional review and take longer.

Is refund accepted the same as approved?


Once your return has been “Accepted” its status will remain the same until it has been “Approved.”

This would mean it has been processed and that the IRS has approved the release of your refund.

How long does it take for refund to be approved 2021?

The IRS reports that most returns are processed and approved

within a few days of when they are received

, and most refunds are issued less than 21 days after the return is received. If you filed weeks ago and still haven’t received your return, there could be several reasons why you’re experiencing a delay.

How do you know if your tax return has been accepted?

  1. Using the IRS Where’s My Refund tool.
  2. Viewing your IRS account information.
  3. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
  4. Looking for emails or status updates from your e-filing website or software.

Why is my refund taking so long?


Your return could have been flagged as fraudulent because of identity theft or fraud

. Some returns are taking longer because of corrections needed that are related to the earned-income tax credit and the pandemic-related stimulus payments (officially termed a “Recovery Rebate Credit”).

Does the IRS correct mistakes on tax returns?


The IRS may correct math or clerical errors on a return

and may accept it even if the taxpayer forgot to attach certain tax forms or schedules. The IRS will mail a letter to the taxpayer, if necessary, requesting additional information. Wait until receiving refund for tax year 2018 before filing.

Why IRS hasn’t accepted my return?


Your current return must contain the same information when filed

, otherwise the electronic or paper return submission will not be accepted by the IRS. You can contact the IRS if you were using the wrong Social Security number or birth date on previous returns to correct the issue.

What should I do if my return was rejected because the 2020 AGI doesn’t match IRS records?

What’s the next step after the IRS accepts your return?

After acceptance, the next step is for

the government to review your refund

. During the review process, they look for math errors on your return (extremely rare in TurboTax) and check if you owe back taxes, unpaid child support, or other debts. If they need to make any corrections, they may offset (reduce) your refund.

How do I fix a tax return already filed?


Complete and mail the paper Form 1040-X, Amended U.S. Individual Income Tax Return

, to correct errors to an original tax return the taxpayer has already filed. Taxpayers can’t file amended returns electronically and should mail the Form 1040-X to the address listed in the form’s instructions PDF.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.