IRS Offers Rules on Hardship Exemptions from ACA Individual Mandate

Cohn, Michael
November 2014
Accountingtoday.com;11/25/2014, p3
The article discusses the release of a guidance by the U.S. Internal Revenue Service pertaining to the Affordable Care Act. Notice 2014-76 is reported to list hardship exemptions available for federal income tax returns under Section 5000A of the Tax Code. It has also been announced in Revenue Procedure 2014-62 that premium tax credits and contribution percentage have been indexed while TD 9705 has finalized regulations for the individual mandate.


Related Articles

  • IRS sets rules for disclosing tax return info under ACA. COHN, MICHAEL // Accounting Today;Sep2013, Vol. 27 Issue 9, p76 

    The article discusses the final regulations released by the U.S. Internal Revenue Service (IRS) for how it will release tax return information to the Department of Health and Human Services (HHS) under the Affordable Care Act (ACA). It noted a section of the Tax Code which permits the disclosure...

  • Small-Business and Self-Employed Medical Plan Issues: Recent IRS Guidance. Biggart, Timothy B.; Harden, J. William // Journal of Financial Service Professionals;Jul2015, Vol. 69 Issue 4, p62 

    Recent IRS guidance prohibits funding individual health insurance policies through a tax-preferred health reimbursement arrangement and the Patient Protection and Affordable Care Act contains provisions prohibiting discrimination in small employer group plans. There is currently transition...

  • ACA credits: Status quo for now.  // Payroll Legal Alert;Sep2014, Vol. 19 Issue 11, p4 

    The article reports that the U.S. Internal Revenue Service (IRS) is not planning on changing how it deals out the premium tax credit of the Affordable Care Act, according to IRS Commissioner John Koskinen, and mentions topics like health insurance, Obamacare, and credit.

  • Washington Update.  // Benefits Magazine;Nov2013, Vol. 50 Issue 11, p74 

    The article reports on the decision by the U.S. Department of the Treasury to postpone the employer shared responsibility provision of the Affordable Care Act (ACA) until 2015 as well as the reporting requirements of the Internal Revenue Code (IRC) of 1986. The employer shared responsibility...

  • IRS issues rules on hardship exemptions from ACA individual mandate. Cohn, Michael // Ebn.benefitsnews.com;11/26/2014, p1 

    The IRS has issued a notice, regulations and other guidance related to the ACA, including information on getting a hardship exemption from the individual mandate for health insurance coverage.

  • Excise Tax on Cadillac Plans.  // Plan Sponsor;Jan2015, p7 

    The article offers information on U.S. Internal Revenue ode (IRC) Section 4980I, enacted by Patient Protection and Affordable Care Act (ACA), that imposes a 40 percent, nondeductible excise tax, also referred to as the Cadillac Tax, on health plans providing most generous level of health...

  • Closing the Gaps and Loopholes: Analyzing Tax Exemption of Non-Profit Hospital Joint Ventures After the Affordable Care Act. Pan, Shirley S. // American Journal of Law & Medicine;2013, Vol. 39 Issue 4, p671 

    No abstract available.

  • Affordable Care SCARE. Damico, Rachelle // Crain's Detroit Business;12/14/2015, Vol. 31 Issue 51, p0012 

    The article discusses concerns of business employers about higher health insurance costs in the Affodable Care Act (ACA). Topics covered include plans of Michigan employers in terminating health plans while other employers are laying off or firing employees to comply with the 30-hour work week...

  • IRS Faulted for Security of Health Care Information. Cohn, Michael // Accountingtoday.com;12/2/2014, p7 

    The article discusses a report from the U.S. Treasury Inspector General for Tax Administration, which evaluated the management controls and processes for risk management, requirements and change management, testing, security and fraud detection for the information returns project of the Internal...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics