zeros

Good post. I think there is quite a few looking for the same thing. I was hoping they would defer the implementation of this program (ACA) for one more year. How to handle the situation if you have full coverage instructions is coming out later, as I understand. Right now, I plan on terminating those clients with partial or no coverage. Also, getting rid of some EIC clients. I'm getting close to retirement anyway why not make my life easier......

My plan is to send my mailer out at the beginning of the year and put an extra sheet in there advising the ones with no insurance or partial insurance that I will not be preparing their return this year. If they come in anyway, hmmmm, not sure what I'll do, Hide under my desk? I would think that the lot of the EIC clients probably have no health insurance. Maybe get rid of two problems.

In reading through the instructions and looking at the various ACA forms, it looks a little more complicated than I first realized. If client has "full coverage" throughout the year, it appears to be quite straight-forward and no real problem. But when that is not the case, where a client has no insurance or partial year coverage, it can get quite complicated, and filling out the forms, time consuming. For sure, it would cost the client more in preparation fees for the time spent. From a preparer point of view, I plan on giving notice to the non/under insured clients that I will not be preparing their return this year. I know, kind of a radical decision and not sure how many clients this would affect, but being close to retiring from this business anyway, I think this is the right decision for me. Probably most have full coverage. Will save a lot of headaches. Do you think the IRS will delay the implementation for one more year?