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IRS Gears Up for Impact of Health Care Reform on Tax Season

from Accounting Today

Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the Internal Revenue Service's progress on the Affordable Care Act and the impact that tax subsidies will have next tax season. In a hearing before the House Committee on Ways and Means, Koskinen talked about how the IRS would be processing the premium tax credit, which helps subsidize the cost of health insurance coverage for eligible taxpayers. more

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