IRS to crack down on Obamacare declarations next year
(Worthy News) – The Internal Revenue Service will not accept electronically filed tax returns for the upcoming filing season in which people fail to note whether they have health insurance, according to an agency announcement that is a reversal of informal policy under the Obama administration.
Failure to note health insurance status could result in tax refund delays, according to the IRS.
“The IRS will not accept the electronic tax return until the taxpayer indicates whether they had coverage, had an exemption or will make a shared responsibility payment,” the agency said in a statement. “In addition, returns filed on paper that do not address the health coverage requirements may be suspended pending the receipt of additional information and any refunds may be delayed.” [ Source: Washington Examiner (Read More…) ]
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