Client owes $10,000+ subsidy repay as income from LLC was wayyyyy more than they told Marketplace it would be. Based on the Trump EO and lack of any repeal vote in House, what are their options?
I'm thinking either pay it, extend the return or file the return with the repayment on there and not pay it since it is "uncollectible"...
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Subsidy Repay
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ACA advance premium credit repayment -- claim of right?
Please forgive me if this has been answered before. A self-employed taxpayer received in 2014 an ACA advance premium credit that he has to repay in 2015. In 2014 he reduced his above-the-line self-employed health insurance deduction by the amount of credit he received. Can the repayment made in 2015 be deducted above-the-line as self-employed health...