The Affordable Care Act created additional reporting requirements for taxpayers. For some the reporting will be easy. For many others, it will be challenging. If you fall into that challenging category, do not delay in your tax filing. The additional time will be needed to navigate these troubled waters.
The Internal Revenue Service recently issued a publication that will help answer some of the reporting requirements related to the enactment of the Affordable Care Act. This is a must read for those who prepare their own taxes.