IRS Says It Will Reject Tax Returns that Lack Health Insurance Disclosure
The Internal Revenue Service has taken steps towards enforcing the tax penalty for those that do not have insurance. In order to avoid refund and processing delays, taxpayers will need to complete the health coverage reporting requirements of the Affordable Care Act (ACA).
The IRS had initially held off rejecting returns because the law was new, but then it delayed its plans to assess the effect of the executive order, said Healthcare Attorney Nicole M. Elliott. “It is curious, given the executive order,” Ms. Elliott said. “It’s a little unclear where the agencies are going and how heavy-handed they will be in enforcing it.”