This upcoming tax season tax preparers will be responsible for discussing the health care mandate under Obamacare and this is sure to cause some confusion. Obamacare states that everyone has to have health insurance or pay a fine. The fine starts out minimal (under $100) and year year will increase for those uninsured.
Tax software companies have been adding health insurance related products for preparers to share with their clients so are you ready for this upcoming change in the Tax industry? You can review the Obamacare mandate compliance form here.