emcwillard
Level 2
03-19-2021
08:11 AM
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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
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IRonMaN
Level 15
03-19-2021
03:24 PM
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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.
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emcwillard
Level 2
03-19-2021
03:22 PM
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IRonMaN
Level 15
03-19-2021
03:24 PM
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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.