U.S. Tax Court Summary Decision Upholds IRS Deficiency Determination for Taxpayer’s Improper Advance Premium Tax Credit Claim

The U.S. Tax Court, in a summary decision, held that the taxpayer was liable for a deficiency stemming from advance premium tax credit payments received, affirming the IRS’s determination. Taxpayer, a married individual, received advance premium tax credit payments for health insurance purchased through the Marketplace during the tax year at issue. The taxpayer filed her tax return as single and did not properly reconcile the advance payments received. The IRS examined the return and determined a deficiency. The court held that the taxpayer was not eligible for the advance premium tax credit because she failed to file a joint ...