TagObama care

IRS Lessens Reporting Burden on Charitable Hospitals

By:  Amanda Wilson

This week, the IRS issued new guidance for charitable hospitals that are required to disclose the failure to meet the requirements imposed by the Affordable Care Act. This new guidance is meant to lessen the burden on such charitable hospitals by allowing the disclosure to be made using estimates.  The new guidance can be found in Revenue Procedure 2015-21, the text of which is provided here.

Key Extension of Health Exchange Sign-up Deadline

By: Amanda Wilson

A Health and Human Services official announced today that the deadline for signing up for coverage through HealthCare.gov from February 15h through April. This extension will provide many individuals that had not signed up by the February deadline a second chance to avoid tax penalties that would otherwise apply for going without health coverage in 2015.

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