Premium Tax Credit

[scott jessup]

My client’s 2022 return was rejected because of health insurance market place despite being fully employed since mid 2021 with health insurance coverage (have 1095B for proof). Does he need to paper file?
Thanks
Scott

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[Karen Klimkosky Lee]

Ask your software provider.

> On Mar 22, 2023, at 7:18 AM, 'scott jessup' via ClientWhysConnect <clientwh...@googlegroups.com> wrote:
>
> My client’s 2022 return was rejected because of health insurance market place despite being fully employed since mid 2021 with health insurance coverage (have 1095B for proof). Does he need to paper file?

> Thanks
> Scott
>
> Sent from my iPhone
>

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[millerdbm]

Had the same problem last year. Finally found out that the dependent older son was on Covered California for three months and dad wasn't told.


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[scott jessup]

In 1969, Ray Charles recorded a song with the line, “if wasn’t for bad luck I’d have no luck at all.”

It turns out my client did not cancel his Covered California in 2021 so for 2022 he had workplace coverage and marketplace coverage. He now owes repayment of the premium advance. Any recommendations I can give my client?

Thanks
Scott

Sent from my iPhone

> On Mar 22, 2023, at 12:03 PM, 'millerdbm' via ClientWhysConnect <clientwh...@googlegroups.com> wrote:
>
> Had the same problem last year. Finally found out that the dependent older son was on Covered California for three months and dad wasn't told.

> To view this discussion on the web visit https://groups.google.com/d/msgid/clientwhysconnect/UjQombukfvHSjh9KiQqrDzxTJ8Vuca2cUxWBdgtYbjbsAvr9Yn-DjtKiadi5aKxF53Ji3fjoaNLUIy75ZdhUblgT6VZ4kRmPqbVIBj2f6vU%3D%40protonmail.com.

[Lee Reams]

There is a maximum repayment amount for lower income taxpayers. Not sure if that will do client any good

.

To view this discussion on the web visit https://groups.google.com/d/msgid/clientwhysconnect/CD5121E2-D938-438B-A2A4-C14359393421%40yahoo.com.

 

	Lee Reams Sr., BSME, EA Chief Content Officer CountingWorks Pro | CountingWorks | TaxBuzz | TaxCPE p: 1.800.442.2477 x240 w: www.countingworkspro.com/  e: lee....@countingworks.com
See how CountingWorks can grow your practice.

 

[scott jessup]

No. Client makes $100k per year. 

Sent from my iPhone

On Mar 23, 2023, at 5:26 PM, Lee Reams <lee....@clientwhys.com> wrote:

There is a maximum repayment amount for lower income taxpayers. Not sure if that will do client any good

<PastedGraphic-2.tiff>

	Lee Reams Sr., BSME, EA Chief Content Officer CountingWorks Pro | CountingWorks | TaxBuzz | TaxCPE p: 1.800.442.2477 x240 w: www.countingworkspro.com/  e: lee....@countingworks.com
See how CountingWorks can grow your practice.

 

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[ho...@mktaxpros.com]

Hi Scott,

 

Is your client the only person listed on the 1095-A? If there is someone else on the 1095-A and they belong to a separate tax household (i.e. a kid that is no longer eligible to be a dependent), allocation between the 2 tax returns is an option.

 

Also for 2021, if your client had any unemployment, he would be eligible for the full subsidy.

 

Best of luck!

Holly

 

Holly Swanson

Martin, Ketterling & Associates

2299 E. Main St. Suite 8, Ventura, CA 93001

Phone (805) 653-7362

Fax (805) 653-1991

ho...@mktaxpros.com

www.mktaxpros.com

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[scott jessup]

Holly, My client is the only one and filed a dispute with Covered California 

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On Mar 28, 2023, at 3:58 PM, ho...@mktaxpros.com wrote:



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