hctc

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hctc

Postby rpuckett23 » Mon Jul 22, 2019 10:08 am

IRS is question my hctc credit that I started taking in feb 2018

where did it tell you that was the official takeover date...can not find it in my files

thanks
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Re: hctc

Postby tja5577 » Tue Jul 23, 2019 11:17 am

My understanding is that PBGC took over trusteeship of the pension in December 2017, but did did not actually start paying our pensions until June 2018. I verified this with a call to PBGC. Based on this information, I claimed the HCTC credit starting in June since this is the date that payments actually starting coming from PBGC.

Unfortunately, I have not received my IRS refund yet even though I filed in March. I'm assuming that the IRS will eventually approve my credit, but I don't know that for a fact yet. I have called the IRS twice and they tell me that it is stuck in review for at least another month. Claiming the HCTC credit must raise a red flag with their review department.
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Re: hctc

Postby tomindenver » Tue Jul 23, 2019 2:32 pm

I filed my taxes (with HCTC credit included) on 02-17-2019 and got my refund on 03-13-2019. No issues with HCTC (at least not yet). I would guess the later you file, the longer it takes.
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