IRS Must Improve $880M ACA Implementation, GAO Says

Law360, New York (June 13, 2012, 5:41 PM EDT) -- The Internal Revenue Service must do more to stay on the right track while spending $881 million to implement health care law provisions, especially when gauging and averting risks to the complicated process, a U.S. Government Accountability Office report said Wednesday.

The IRS is responsible for several key provisions like determining whether taxpayers are eligible for premium subsidies and issuing penalties to those who don't purchase health insurance. The agency must also issue guidance to individual taxpayers, employers and insurers on how to comply with the...
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