The IRS on Tuesday told Congress it would like an additional $490.4 million in the next fiscal year to implement the Affordable Care Act, also known as the ACA or Obamacare.
“This additional funding, the majority of which is for required information technology upgrades, will allow the IRS to increase efforts to ensure compliance with a number of tax-related provisions of the ACA, including the premium tax credit and individual shared responsibility provision,” IRS Commissioner John Koskinen said in prepared remarks to a Senate Appropriations subcommittee on Tuesday. “The funding will provide enhanced technology infrastructure and applications support, and allow necessary, major modifications to existing IRS tax administration systems.”
“A portion of the funding also addresses new audit requirements related to the employer shared responsibility provision,” he added.
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- March 5, 2015 5:37 am
