Tax Preparer Implications of the Supreme Court Upholding Affordable Care Act
This morning the Supreme Court upheld the constitutionality of the Affordable Care Act. The most debated issue was the individual coverage mandate element of the law which levies penalties to taxpayers who are required to purchase insurance coverage but fail to do so. Administration of the Affordable Care Act will be serviced by the IRS; further burdening their overextended staff and without additional resource allocation, inevitably decreasing general taxpayer service levels. Beware, your time spend on hold trying to talk to an actual human at the IRS just get extended!
Posted: June 28, 2012