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Regulation and Compliance > Federal Regulation > IRS

Lawmaker blasts PPACA tax forms

By Allison Bell

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The chairman of the House Small Business Committee says the Internal Revenue Service (IRS) has to simplify Patient Protection and Affordable Care Act (PPACA) mandate compliance.

Rep. Sam Graves, R-Mo., says in a letter to IRS Commissioner John Koskinen that the draft version of Form 8965, the form for individuals who want to claim an exemption from the PPACA individual coverage mandate, includes 15 pages of forms, instructions and work sheets.

Another draft form, for Form 8962 — for taxpayers who want to claim a premium tax credit — now includes 12 pages of forms, instructions and worksheets, Graves writes.

See also: IRS explains PPACA for plain folks

“In addition,” he writes, “we have been told by tax preparers for small businesses that the IRS has not released any guidance on the due diligence requirement that tax return preparers will face in the preparation of tax returns affected by the Affordable Care Act this year.”

In some cases, Graves says, preparers will have to depend on small businesses to give them accurate information about issues the businesses may not understand.

Graves asked about the steps the IRS has taken to listen to the concerns of small businesses and their tax preparers and how it will educate business owners about the new forms and requirements.

See also: IRS posts new PPACA tax form drafts

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