New IRS Publication Aimed at Explaining the Affordable Care Act

The IRS recently released Publication 5187 in order to provide taxpayers with an additional resource regarding the new health care laws for 2014. The 21-page document effectively presents the different nuances that will be required for the coming tax years. If you are looking for an overview or refresher regarding the Affordable Car Act, I would recommend this quick read which covers the basics of the new requirements. However, if you are a tax preparer or are planning on preparing your own taxes this year, you will most likely need to do additional research in order to ensure full compliance.