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Financial Planning > Tax Planning

PPACA 1095-A tax pain index creeps up

By Allison Bell

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A homemade measure of consumer tax pain related to the Patient Protection and Affordable Care Act (PPACA) was slightly higher for the week ending April 1 than it was for the week ending March 20.

On three major Web-based tax forums, the volume of questions about Form 1095 or Form 1095-A was equal to 13 percent of the volume of 745 questions about Form 1040.

That’s up from 12 percent in mid-March, the first time we computed a PPACA tax pain index.

Form 1095-A post volume amounted to 47 percent of 1040 post volume for the past week at H&R Block’s forum system, which received a total of 22 1095, 1095-A and 1040 posts.

At TheTaxBook.com, users have posted one 1095 question in the past week and 18 questions about Form 1040.

TurboTax users posted 88 about Form 1095 and 1095-A questions and 712 for Form 1040 questions.

On all of the forums, the mix of posts included questions about missing forms, inaccurate forms and procedures.

The Patient Protection and Affordable Care Act (PPACA) now requires consumers who use the PPACA public exchange system to get information for the tax returns from a new exchange coverage notice, Form 1095-A.

See also: Meet IRS Form 1095-A

Before the current tax filing season started, many experts were predicting that confusion over PPACA tax forms would lead to massive taxpayer confusion, with taxpayers swamping Internal Revenue Service (IRS) assistance lines and brick-and-mortar tax preparation offices.

Earlier in the tax season, tax preparation firm executives said business was slower than they’d expected. 

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