Please ensure Javascript is enabled for purposes of website accessibility

You Won’t Mind if Your Tax Refund Is a Little Late, Will You?

The Obama administration said Friday it would allow people to sign up for plans on HealthCare.gov through April, and at the same time acknowledged it had sent some 800,000 people incorrect tax statements about their coverage in 2014. The announcement about the inaccurate forms caps a rough first year for the health-care law, and means many taxpayers will have to wait for tax refunds. The error affects as many as 20% of the statements sent by HealthCare.gov to people who signed up for coverage for 2014 and received tax credits to offset the cost of their premiums. 
Never mind the fact that tax refunds are stupid and you should hope to break even when you file your tax return. But you guys know that. We'll just leave it there.
 
[WSJ]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

The 2022 Bloomberg Tax Author Awards Celebrate the Pinnacle of Tax Intelligence

Once again, in what can only be described as an attempt to market its tax platform, Bloomberg has released its annual awards for the Bloomberg Tax Authors of the Year. We’ll just mention the Federal authors of the year here, but there are also three other categories of Bloomberg author awards: State Tax, International Tax, […]

screenshot of Ask an AI Accountant answering a tax question about gambling winnings

GPT-4 Answers Tax Questions, Gets Them Mostly Right

These days there is a lot of yapping about what AI can and can’t do; it CAN answer bar exam questions so well it’s nearly in the 90th percentile of test-takers, it CAN’T search in real time to find up-to-date answers beyond what it’s been trained on so it won’t be getting stuck in a […]