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Tuesday, February 13, 2018
IRS to Reject 2017 Returns without Health Care Information Reported
The IRS has said it
will not accept electronically filed 2017 tax returns that do not report on the
taxpayer's compliance with the individual mandate provisions of the Affordable
Care Act (ACA). The IRS did not reject such returns for 2016 after President
Trump issued an executive order that directed federal agencies to waive, defer,
or delay the implementation of ACA provisions that imposed penalties or fees.
The Tax Cuts and Jobs Act reduces the amount of the penalty, or Shared
Responsibility Payment (SRP), to zero for months beginning after 12/31/18, but
for 2017, the IRS says that it won't consider an electronically filed tax
return complete and accurate if the taxpayer does not report full-year
coverage, claim an exemption, or report an SRP on the return. The IRS's
statement can be found at www.irs.gov/tax-professionals/aca-information-center-for-tax-professionals
.
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