IRS Launches Website to Aid Understanding of Affordable Care Act

IRS launches website on ACAConfusion and concern over the implementation process of the Patient Protection and Affordable Care Act of 2010 (PPACA) led the IRS to create a separate website (www.irs.gov/aca) dedicated to clearing up some of the mystery.

While some of the provisions of the Affordable Care Act (generally referred to as “Obamacare”) have been delayed or postponed, a significant number of provisions are set to take effect as scheduled. These include many of the Affordable Care Act’s tax provisions. There is still much confusion and anxiety over which businesses will have to meet what requirements, and how the Affordable Care Act will affect individual taxpayers.

The new IRS website is organized into separate sections for individuals/families, employers, tax-exempt organizations, government organizations and other categories, including insurance companies. You can find summaries of provisions that have already gone into effect, as well as those that are scheduled to become effective this year and in future years.

The regulations and requirements of the Affordable Care Act are complex and extensive. While the new IRS website (www.irs.gov/aca) will help define many of the issues, we urge you to contact Gray, Gray & Gray’s Tax Department with specific questions at (781) 407-0300.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s