Taxpayers Get Penalty Relief for Incorrect Premium Tax Credit Advance Payments | Lauzen Accounting

Taxpayers Get Penalty Relief for Incorrect Premium Tax Credit Advance Payments

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The IRS will provide automatic penalty relief for taxpayers who, when they reconcile advance payments of the premium tax credit they received for 2014 to the amount of the credit they are entitled to on their income tax returns, find they owe additional tax.

Source:: AICPA – Tax

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