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IRS Reverses Policy on Certifying Individual Mandate Compliance

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Manage episode 190630453 series 1411450
Content provided by Lipscomb and Pitts Insurance, Pitts Insurance, and Sarah Gillespie | Producer: Andrew Bartolotta. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lipscomb and Pitts Insurance, Pitts Insurance, and Sarah Gillespie | Producer: Andrew Bartolotta or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

On Oct. 13, 2017, the IRS reversed a recent policy change in how it monitors compliance with the ACA’s individual mandate. For the upcoming 2018 filing season (filing 2017 tax returns) the IRS will not accept electronically filed tax returns where the taxpayer does not certify whether the individual had health insurance for the year. Also, paper returns that do not certify compliance with the individual mandate may be suspended pending receipt of additional information, and any refunds due may be delayed. Tune in to learn how taxpayers should handle their 2017 returns.

  continue reading

84 episodes

Artwork
iconShare
 
Manage episode 190630453 series 1411450
Content provided by Lipscomb and Pitts Insurance, Pitts Insurance, and Sarah Gillespie | Producer: Andrew Bartolotta. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lipscomb and Pitts Insurance, Pitts Insurance, and Sarah Gillespie | Producer: Andrew Bartolotta or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

On Oct. 13, 2017, the IRS reversed a recent policy change in how it monitors compliance with the ACA’s individual mandate. For the upcoming 2018 filing season (filing 2017 tax returns) the IRS will not accept electronically filed tax returns where the taxpayer does not certify whether the individual had health insurance for the year. Also, paper returns that do not certify compliance with the individual mandate may be suspended pending receipt of additional information, and any refunds due may be delayed. Tune in to learn how taxpayers should handle their 2017 returns.

  continue reading

84 episodes

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