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THE MOST IMPORTANT NEWS - MAJOR BLOW TO OBAMACARE MANDATE: IRS WON'T REJECT TAX RETURNS THAT DON'T ANSWER HEALTH INSURANCE QUESTION EmptySun 29 Aug 2021, 22:15 by Jude

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THE MOST IMPORTANT NEWS - MAJOR BLOW TO OBAMACARE MANDATE: IRS WON'T REJECT TAX RETURNS THAT DON'T ANSWER HEALTH INSURANCE QUESTION

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Post  Jude Wed 15 Feb 2017, 18:12

THE MOST IMPORTANT NEWS - MAJOR BLOW TO OBAMACARE MANDATE: IRS WON'T REJECT TAX RETURNS THAT DON'T ANSWER HEALTH INSURANCE QUESTION Thumbs10

Major Blow to Obamacare Mandate: IRS Won’t Reject Tax Returns That Don’t Answer Health Insurance Question

BY MICHAEL ON FEBRUARY 15, 2017

Following President Donald Trump’s executive order instructing agencies to provide relief from the health law, the Internal Revenue Service appears to be taking a more lax approach to the coverage requirement.

The health law’s individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a “shared responsibility payment.” The IRS was set to require filers to indicate whether they had maintained coverage in 2016 or paid the penalty by filling out line 61 on their form 1040s. Alternatively, they could claim exemption from the mandate by filing a form 8965.

(Read the rest of the story here… http://themostimportantnews.com/archives/major-blow-to-obamacare-mandate-irs-wont-reject-tax-returns-that-dont-answer-health-insurance-question )
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