Health-care law may pose compliance issues for IRS, taxpayers

The Washington Post (7/9, Hitzenrath) reports that the IRS "has been given a key role administering health insurance premium subsidies, tax credits for small businesses, assessments on employers." For example, beginning in 2012, all businesses and tax-exempt organizations will have to issue a new IRS form to vendors "from whom they buy goods totaling $600 or more annually." The Post writes that it "will require thorough record-keeping," adding to the agency's burdens. In addition, a tax reporting requirement in the healthcare law "may impose significant burdens on businesses, charities and government agencies," the advocate service said.