If someone receives a penalty on their tax return for underestimation of their income for the ACA tax credit, is this penalty something the IRS can collect? I know that the IRS does not actively try to collect penalties for not having insurance, but what about the penalty related to underestimation of income? I have clients that are asking me and I have called some CPA firms and not gotten clear answers. Appreciate hearing from any of you on this. Thanks!
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