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Level 5
March 20, 2021
Solved

Can clients get EIC this year if they had AOC disallowed in 2016

  • March 20, 2021
  • 1 reply
  • 13 views

Clients had AOC disallowed in 2016 due to disallowed shareholders' health insurance in S-Corp.  They earned incomes are low in 2020, can they claim EIC in 2020?

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Best answer by TaxGuyBill

Yes.

 

1 reply

Level 15
March 20, 2021

Yes.

 

hgtcAuthor
Level 5
March 20, 2021

Sorry, one more question.  Do we need to file Form 8862 - Information to claim certain credits after disallowance?

 

thanks.

Level 15
March 20, 2021

No, if you look at the chart in the instructions for 8862, it does not need to be filed in your situation.