Final rules are being released on exchange reporting requirements, tax form generation, benchmark plan premium, etc. Come tax time, consumers are going to freak out on how to compute these new numbers into their 1040 tax forms. Leave it to the gov't to make things SOOO complicated.
IRS completes PPACA tax form rules | LifeHealthPro
http://media.lifehealthpro.com/lifehealthpro/article/2014/05/02/irs-2014-10419_PI.pdf
In 2015, when the consumers file their 2014 tax forms, the IRS is supposed to use the Form 1095-A information to reconcile the amount of the advance tax credits paid to the consumers' QHP issuers with the amount of tax credits the consumers were actually supposed to get.
IRS completes PPACA tax form rules | LifeHealthPro
http://media.lifehealthpro.com/lifehealthpro/article/2014/05/02/irs-2014-10419_PI.pdf
In 2015, when the consumers file their 2014 tax forms, the IRS is supposed to use the Form 1095-A information to reconcile the amount of the advance tax credits paid to the consumers' QHP issuers with the amount of tax credits the consumers were actually supposed to get.
