The Affordable Care Act as Tax Law?

POSTED BY HENRY H. RAATTAMA ON MARCH 22, 2013

The Affordable Care Act (ACA) was enacted on March 23, 2010. As we recognize the third anniversary of this comprehensive legislation, it is worth noting that although the ACA is not a tax bill, the law has almost fifty tax provisions. These include the imposition of taxes and fees, new requirements to report to the IRS, and new obligations to pay money with a tax return, though such payment is not labeled a tax.
 
Given the scope of the ACA, it is important that employers, healthcare providers, and others consult with their tax advisors to ensure compliance with all of the new tax provisions.
 
The IRS recognizes the large number of tax provisions in the ACA and for the first time has published a list of those provisions.  For more information, you can read more from the IRS on the ACA, including a list of IRS guidance, notices, and final and proposed regulations.
 
 

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