Posted on 10/06/2013 9:19:08 AM PDT by MrChips
Really? They just went in and took it? Did they inform you?
What about brokerage accounts at a Stock Broker like Wells Fargo or Fidelity or Merrill Lynch?
So, if you don’t get a refund, but owe them, instead, then the ACA does not empower them to come after you for the penalty portion, as I understand.
No, but I was young. Around 17.
I moved out on my own and mail may have gotten crossed. There was no one more surprised than I was.
If I was the “right thinking” person I am now, I would have made a point to find out how it happened but, at the time, I just figured the long arm of the law came out to tap me.
So you just went to the bank, the money was gone, and the bank told you who took it?
No, I had moved out. I had just signed up for college and got a realy cool art studio to live in Santa Monica.
I got home and the bank statement was there. When I looked, almost all my money was gone [I was not making much like most teens]. I got the phone and called the bank. They said that the IRS {I’m not sure if they ID’d the IRS specifically] ... but that I owed taxes and it was taken from my account.
Given the year, I doubt if it was more than $100 or a bit more ... that was a lot of money to me at the time.
My mom is an attorney [RIP] and I told her. She gave me a rant about how you have to pay the IRS.
This was the 60s around the time of the Sharon Tate murders.
I hope that this is no longer legal ... but I will swear on a Bible, this is what happened. Kids pretty much feel helpless. I just bemoaned my loss and went on. I never forgot the lesson: the IRS will get their money.
Doesn’t matter whether it was $100 or $5. They took it. Bastards!
That’s how it’s written. Non-compliance cannot be a criminal offense, (unlike regular tax evasion) and no property (or cash) seizure is lawful. (I believe this was put in in the hopes of getting republican votes)
Do you know where in the bill it is written? We need to make sure it stays that way!
I don’t know where in the massive bill it says it, but here is a link from a prestigious law firm that is a guide to the law:
http://www.jonesday.com/affordable_care_act/
Look at the last paragraph under individual mandate.
Thanks.
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