WASHINGTON D.C. (KVOA) — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium ...
The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount. The IRS ...
A frequent cause for an electronically filed tax return to be rejected by the IRS is the omission of Form 8962. This form is essential when IRS records indicate that Advance Premium Tax Credit (APTC) ...
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