garman22
Level 13
Level 13

@TaxGuyBill wrote:

@garman22 wrote:

I need to send out a bulk email advising all to opt out of this foolishness. 


I would HIGHLY advise you NOT to do that.  You can warn them of potential consequences, but advising everybody to opt-out could get you into trouble.

If there is a need for a repayment the the Advance credit, low-income people may not need to repay it (or the repayment could be reduced).  So giving all-encompassing advice to everybody to NOT take the Advance credit COULD result in the taxpayer missing out on some money.


Oh crap?! I had not even considered that. My thought process was that there are people who use the CTC to lower their liability and if they accept the advance would end up owing a large chunk at years end. 

 

Thank you @TaxGuyBill