The IRS Wants Answers

May 11th, 2012 by JBWK

On how to deal with the various PPACA issues it’s required to address within the next two years. The IRS issued requests for comments on several aspects of the PPACA, whose future is uncertain in light of litigation pending before the U.S. Supreme Court.

The IRS is continuing to draft regulations and request comments on how to best implement the law’s health insurance-related requirements. The outcome of the Supreme Court case (and the 2012 presidential and congressional elections) could drastically alter any regulations and legislation before their anticipated effective date of January 1, 2014.

The Court is expected to rule on the constitutionality of the PPACA’s “individual mandate” by this summer.

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