Federal Tax Post – 02/07/18

IRS officials say they’ll reject 2017 returns that are “silent” on compliance with the Affordable Care Act (ACA) individual mandate. At an online meeting with tax professionals, the IRS said it won’t accept electronically filed 2017 returns that don’t address whether a taxpayer has complied with the ACA individual mandate provisions. Returns won’t be treated as complete and accurate unless a taxpayer reports full-year coverage, claims an exemption or reports a payment on the tax return. The new tax law eliminates the individual mandate payment beginning in 2019.

By | 2018-02-13T09:29:35+00:00 February 7th, 2018|Federal Tax Posts|Comments Off on Federal Tax Post – 02/07/18