tMoA

Would you like to react to this message? Create an account in a few clicks or log in to continue.
tMoA

~ The only Home on the Web You'll ever need ~

    Obamacare: Taxpayers Must Report Personal Health ID Info to IRS

    Carol
    Carol
    Admin
    Admin


    Posts : 31674
    Join date : 2010-04-07
    Location : Hawaii

    Obamacare: Taxpayers Must Report Personal Health ID Info to IRS Empty Obamacare: Taxpayers Must Report Personal Health ID Info to IRS

    Post  Carol Mon May 13, 2013 12:17 am

    Obamacare: Taxpayers Must Report Personal Health ID Info to IRS
    PDF HERE: http://s3.amazonaws.com/atrfiles/files/files/05102013pr_Obamacare%20IRS%20Health%20ID%20info.pdf
    This tax stuff is scary since it shows just how much against the law and the constitution these agencies secretly
    mandated by the President will go to harass and intimidate opposition. The questions they ask are similarly
    outrageous as those they asked on the census.
    When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate. As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.

    So why will the Obama IRS require your personal identifying health information?

    Simply put, there is no way for the IRS to enforce Obamacare’s individual mandate without such an invasive reporting scheme. Every January, health insurance companies across America will send out tax documents to each insured individual. This tax document—a copy of which will be furnished to the IRS—must contain sufficient information for taxpayers to prove that they purchased qualifying health insurance under Obamacare. This new tax information document must, at a minimum, contain: the name and health insurance identification number of the taxpayer; the name and tax identification number of the health insurance company; the number of months the taxpayer was covered by this insurance plan; and whether or not the plan was purchased in one of Obamacare’s “exchanges.”

    This will involve millions of new tax documents landing in mailboxes across America every January, along with the usual raft of W-2s, 1099s, and 1098s. At tax time, the 140 million families who file a tax return will have to get acquainted with a brand new tax filing form. Six million of these families will end up paying Obamacare’s individual mandate non-compliance tax penalty.

    As a service to the public, Americans for Tax Reform has released a projected version of this tax form to help families and tax specialists prepare for this additional filing requirement. Taxpayers may view the projected IRS form at www.ObamacareTaxForm.com. On the form, lines 3-4 show where taxpayers will disclose their personal health ID information.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

      Current date/time is Fri Apr 19, 2024 2:53 am