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I.R.S. Says It Will Reject Tax Returns that Lack Health Insurance Disclosure
Source:
nytimes.com
- Oct 23, 2017
Despite President Trump’s pronouncements, not only is Obamacare not dead, there are signs that his administration is keeping it alive.
In the latest signal that the Affordable Care Act is still law, the Internal Revenue Service said this week that it is taking steps to enforce the most controversial provision: the tax penalty people face if they refuse to obtain health insurance.
Next year, for the first time, the I.R.S. will reject your tax return when filed electronically if you do not complete the information required about whether you have coverage, including whether you are exempt from the so-called individual mandate or will pay the penalty. If you file your tax return on paper, the agency said it could suspend processing of the return and delay any refund you might be owed.
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Category: General Business
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