On Jan. 20, 2017, an executive order signed by newly elected president Donald Trump directed federal agencies to exercise authority and discretion available to them to reduce potential burden of the ACA.
On February 15, 2017, the IRS released the following statement regarding the Annual Shared Responsibility Payment: The IRS is currently reviewing the Jan. 20, 2017, executive order to determine the implications. Taxpayers should continue to file their tax returns as they normally would.
On February 3, 2017, the IRS disabled the e-file error (business rules IND 069 and IND 070) related to the Annual Shared Responsibility Payment and will currently accept an e-filed return that leaves the box unchecked. At the time of this book’s printing, the current legislative provisions of the ACA law are still in force, and taxpayers remain required to follow the law and pay what they may owe.
It seems like the IRS has decided to follow the president's executive order. As a tax professional, What would you do?