The Massachusetts Connector Authority and the Department of Revenue have released the Tax Year 2010 report on the state's health insurance law.
The report shows there was near universal compliance with the requirement to report health insurance information on the Schedule HC.
It also showed a continued high rate of insurance coverage, with more than 96 percent of those filing Schedule HC insured at some point during 2010.
Overall, there were no significant departures from 2009.
One percent of filers who complied with the Schedule HC filing requirement (24,000 who were uninsured for the entire year and 20,000 with part-year insurance, for a total of 44,000 filers) were assessed a penalty in 2010 for failure to have health insurance coverage while being able to afford the coverage.
In 2009, 48,000 filers were assessed a penalty.
Washington Post writer Sara Kliff published today a good overview of the Massachusett health insurance law and how it has worked since enactment in 2006.
DOR Ruling Favorable in First Circuit Judgment posted on Mar 17
The United States Court of Appeals for the First Circuit issued judgments in the Department of Revenue’s (DOR) favor last month, finding that taxpayers in Bankruptcy proceedings cannot discharge late filed tax returns. The court consolidated two similar cases brought before them involving a total …Continue Reading DOR Ruling Favorable in First Circuit Judgment
Five Reasons to E-File with DOR’s WebFile for Income posted on Feb 24
With Tax season well under way; DOR would like to help you make the decision to E-File with WebFile for Income this year. We know, “I’m not computer savvy” or “What about the safety of my information” has been said many times before, but we’d …Continue Reading Five Reasons to E-File with DOR’s WebFile for Income
Class in Session at DOR University posted on Jan 20
Looking to educate yourself this tax season? Want to learn more about tax options, or DOR-related issues? All this can be achieved at DOR University, the Department of Revenue’s free online e-learning module. DOR University, created to offer free tax education to the public and …Continue Reading Class in Session at DOR University