Clawback question??

[insurance5511]

client claimed to make 13k for 2018 but ended up making only 10k due to going back to school. Now her cpa says she owes $3500 as she didn’t qualify for help..she’s in Florida. does she somehow qualify for an exemption ? Thank you for any help

 

[Yagents]

Yes. Irs Came out with rule that if u end up below 100% fpl after initially reporting above, no clawback. Google it. 1st time apologize, second time, well?

 

[insurance5511]

Awesome ty. Just odd that their CPA didn’t mention this. Is there some sort of form to submit? I can’t find it anywhere.

 

[Yagents]

And there are caps in clawback at lower income