United States The top executive for H&R Block, the nation’s largest tax preparer, “As expected, the forms are very detailed and can present significant complexity, depending on a filer’s coverage status during the year, income level, and household composition,” Cobb said. “Depending on their situation, there are instances where filers may need to file multiple new tax forms and complete additional worksheets.” Starting with next year’s tax season, individuals who do not have health insurance that meets federal requirements will be subject to penalties. But there are various categories of individuals who could be exempted. “Depending on the type of exemption, the process to claim it could be quite cumbersome and time consuming,” Cobb said. Cobb said people who are used to filing the pared down 1040-EZ will no longer be able to do so if they received any subsidies. drudgegae.iavian.net/r?hop=washingtonexaminer/hr-block-ceo-says-obamacare-to-add-significant-complexity-to-tax-season/article/2552801
Posted on: Thu, 04 Sep 2014 20:50:43 +0000
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