The Internal Revenue Service is continuing to make progress in its implementation of key elements of the Affordable Care Act, according to a new government report, but it could expand the use of employer-provided health care information to ensure employer, health insurer and taxpayer compliance with the ACA.
The report, publicly released Thursday by the Treasury Inspector General for Tax Administration, examined the information reporting requirements of the health care reform law, along with other provisions. The ACA establishes new information return reporting and sharing requirements for third parties such as employers and health insurers. The reported information will be used to administer the Advance Premium Tax Credit, the individual mandate to obtain health insurance, and the employer minimum essential coverage requirement.
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