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 The taxpayer has to file form 8962 in case he or she has received advance Advance Premium Tax Credit to assist in alleviating the monthly Marketplace health insurance expenses. The shape is due to the fact that the advance payments are equal to the amount of credit they are entitled to, according to their gross income modified and adjusted. It will be based on the information provided by Form 1095-A to calculate the proper credit, and the taxpayer will either have to pay a repayment or be eligible to receive an additional refunding credit. The IRS can withhold or disallow a tax return without Form 8962. Filling in the form will guarantee proper reconciliation, avoid mistakes, and meet the federal tax regulations.