Obamacare tax audits fewer than expected so far

Obamacare

Major audit defense firm says only 1% of clients have been audited by IRS for Affordable Care Act issues.

TaxAudit.com, one of the nation’s largest audit defense firms, says that out of its roughly 13,000 clients who have been audited so far this year by the Internal Revenue Service, just only over 1% have been related to issues concerning the Affordable Care Act. This year was the first time Americans were required to include their health insurance status.

“Truthfully, I’m a little surprised it’s that low right now,” says Dave Du Val, TaxAudit.com’s VP of customer advocacy. Du Val stated that only individuals who had claimed an exemption from the ACA's individual mandate were among those audited. He believes the IRS has effectively enacted a grace period this year by not aggressively challenging Americans’ claims to possess health insurance.

“I don’t think they have the manpower now, I don’t think they believe they have the manpower either,” Du Val assessed. At this time, members of the U.S. House of Representatives are proposing $838 million in budget cuts to the IRS for fiscal year 2016.

Source: CNBC

CPA CPE requirements: CPA Requirements
Enrolled Agent CE requirements: EA Requirements
AFSP CE requirements: AFSP Requirements