No tax penalties for customers given wrong information

Yesterday the Department of Treasury issued a press release saying that the IRS announced that it will not penalize taxpayers who filed taxes based on incorrect reporting information from the federal health insurance exchange. That’s mighty kind of them.

With all the talk of unilateral “executive action” lately this got me thinking about the possibilities. The executive branch is now in a position not only to enforce the stiff penalties of ACA but also to control the triggering of these fines through various administrative actions.  Perhaps we’ve stumbled on a new way to balance the budget!?


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