by 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.