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Posts Tagged ‘failure to file tax return’

Not Filing Tax Return May Lead To Loss of Health Care Subsidies

This tax-filing season was the first filing season where every taxpayer had to report their health care status on their tax return. In 2015, the IRS processed approximately 135 million tax returns and received nearly 12 million requests for extensions. More returns were expected to be filed this year because certain households can get health care subsidies only if they file a return. Around 1.8 ...