Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

American rescue plan healthcare subsidies

emcwillard
Level 2

I have a client that made more this year and didn’t report it to the marketplace. It’s a pretty big increase and now they owe 17k. I was reading that the American rescue plan says that you can waiver the repayments of subsidies. If so, how do you do that?

any guidance will be much appreciated 

Labels (1)
1 Solution

Accepted Solutions
IRonMaN
Level 15

Hold tight.  The IRS has to figure how they are going to handle that.  Once they figure it out, then Intuit needs to figure out how they are going to handle it.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.

View solution in original post

2 Replies 2
IRonMaN
Level 15

Hold tight.  The IRS has to figure how they are going to handle that.  Once they figure it out, then Intuit needs to figure out how they are going to handle it.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.

View solution in original post