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IRS extends Obamacare reporting deadline for 2016

from CPA Practice Advisor

The future of Obamacare – the name commonly bestowed on the Affordable Care Act (ACA) – is up in the air. President-elect Trump has vowed to “repeal and replace” the massive health insurance law as one of his first acts in office. However, for the time being, it remains the law of the land. Now the IRS has extended one of the key deadlines for reporting information under the ACA (IRS Notice 2016-70, 11/18/16). The delay is intended to give employers more time to cope with the confusing array of rules under the controversial law. more

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