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  • $11 Billion In Missing Obamacare Subsidies From Mass Tax Noncompliance

    09/22/2016 11:52:18 AM PDT · by wtd · 6 replies
    Forbes ^ | Sep 21,2016 11:40 PM | Brian Blase
    $11 Billion In Missing Obamacare Subsidies From Mass Tax NoncomplianceComplications arising from the Affordable Care Act (ACA) premium tax credits (PTCs) are causing millions of people to effectively break the law. People who benefit from advance premium tax credits (APTCs) must file tax returns and include a form to reconcile the advanced amount to the actual end-of-year entitled amount. The failure of so many people to fulfill this new legal requirement has led the government to spend more than it should have as APTCs tend to be higher than legally entitled amounts. The big news is that tax filers,...