Nova 401(k) Associates
Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
Atlantic Pension Services Inc
Nicholas Pension Consultants
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|Text of IRS Notice 2015-9: Penalty Relief Related to Advance Payments of the Premium Tax Credit for 2014 (PDF)|
Internal Revenue Service [IRS]
Jan. 26, 2015
"This Notice provides limited relief for taxpayers who have a balance due on their 2014 income tax return as a result of reconciling advance payments of the premium tax credit against the premium tax credit allowed on the tax return. Specifically, this Notice provides relief from the penalty under Section 6651(a)(2) of the Internal Revenue Code for late payment of a balance due and the penalty under Section 6654(a) for underpayment of estimated tax. To qualify for the relief, taxpayers must meet certain requirements... This relief applies only for the 2014 taxable year."
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