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Real estate organizations: IRS won’t put liens on home over Obamacare
Wichita Business Journal ^ | November 4, 2013 | by John Stearns

Posted on 11/04/2013 2:26:19 PM PST by Oldeconomybuyer

Don’t believe rumors circulating online that the IRS will place liens on homes if owners fail to buy health insurance as mandated under the Affordable Care Act, local and state real estate organizations are saying.

The Wichita Area Association of Realtors addresses the rumor in its weekly report today.

“Thankfully, this rumor is completely false as Congress specifically prohibited the IRS from filing liens against real property to enforce the individual mandate to purchase health insurance,” the report says.

(Excerpt) Read more at bizjournals.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; Politics/Elections
KEYWORDS: abortion; deathpanels; failure; irs; irsliens; irsobamacare; obamacare; obamacarepenalties; rinocare; zerocare
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The journalist makes the bad assumption that Obama will follow the law.
1 posted on 11/04/2013 2:26:20 PM PST by Oldeconomybuyer
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To: Oldeconomybuyer

I would think that they just might do this to the wrong Henry Bowman at some point.


2 posted on 11/04/2013 2:27:03 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Oldeconomybuyer

it won’t be called a lien. it will be called something else.


3 posted on 11/04/2013 2:31:14 PM PST by Sacajaweau
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To: Oldeconomybuyer

It is illegal for the IRS to be used as a political weapon against an internal political enemy.

It is illegal for a govt agency to conspire with a radical activist group to collect personal data and use it against their enemies.

It is illegal for.....

Don’t trust anyone in this current regime. The will operate outside the laws until someone enforces the law.
And so far, no one is holding the regime accountable to the laws of the land.


4 posted on 11/04/2013 2:32:01 PM PST by Texas resident
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To: Sacajaweau

as if this can’t be changed on a whim


5 posted on 11/04/2013 2:32:31 PM PST by GeronL
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To: Sacajaweau

Call it a domicile sequester.


6 posted on 11/04/2013 2:33:28 PM PST by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: Sacajaweau

Exactly. It’s not ‘lien’, it’s a foreclosure edict................


7 posted on 11/04/2013 2:33:32 PM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: Oldeconomybuyer

If you like your home, you will be able to keep your home...period.


8 posted on 11/04/2013 2:33:42 PM PST by Repeal The 17th (We have met the enemy and he is us.)
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To: GeronL

It won’t be a lien. It will be a tax seizure. I’ve see it in an abstract.


9 posted on 11/04/2013 2:33:43 PM PST by Sacajaweau
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To: Oldeconomybuyer

What frightens me is that such an unthinkable notion is even plausible nowadays. Would such an outrage be the final spark that kindles a revolution? I kind of doubt it now. “Land of the free and the brave”? What a joke!


10 posted on 11/04/2013 2:34:37 PM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Oldeconomybuyer

But there is a tax on net investment gains, starting this year:
Starting in 2013, the health care bill does impose a 3.8% Medicare tax on high-income taxpayers who exceed a total household net-investment income — a total which could conceivably include some of the proceeds from a home sale. However, while this Medicare tax will be applied to households with an adjusted gross income of $200,000 or more for individuals, or $250,000 or more for married couples, it typically won’t include capital gains resulting from the sale of a home, providing that home is a primary residence and not a vacation or rental home.

So They Say.... we’ll see how this is panning out. Comments?


11 posted on 11/04/2013 2:34:55 PM PST by John S Mosby (Sic Semper Tyrannis)
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To: Oldeconomybuyer

If you like your home you can keep it


12 posted on 11/04/2013 2:35:14 PM PST by Rightly Biased (Avenge me Girls AVENEGE ME!!!! ( I don't have any son's))
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To: Oldeconomybuyer

I expect that as well as placing liens against real estate they may make an exception to the general rule that Social Security payments are exempt from garnishments.
The Wichita realtor association is guilty of wishful thinking in attempting to keep their ox from getting gored.
The federal government will do anything they want since they are the 600 pound gorilla.


13 posted on 11/04/2013 2:35:31 PM PST by tumblindice (America's founding fathers: All armed conservatives.)
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To: Red Badger

http://www.etaxes.com/seizures.html


14 posted on 11/04/2013 2:35:57 PM PST by Sacajaweau
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To: Oldeconomybuyer
Don’t believe rumors circulating online that the IRS will place liens on homes if owners fail to buy health insurance as mandated under the Affordable Care Act, local and state real estate organizations are saying.

They'll just take firstborn children instead.

15 posted on 11/04/2013 2:36:25 PM PST by Colonel_Flagg (Some people meet their heroes. I raised mine. Go Army.)
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To: Oldeconomybuyer
IRS won’t put liens on home over Obamacare

Initially, they may not go this far in search of punishing violators.
MY question is NOT what they won't do... but WHAT will they do to keep the masses in line?

16 posted on 11/04/2013 2:37:28 PM PST by VideoDoctor
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To: Oldeconomybuyer

Let me think..what has he done in the past? Oh, right..he just does what he wants regardless of the law. Problem solved!


17 posted on 11/04/2013 2:39:13 PM PST by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Oldeconomybuyer

IF (big IF), this is true, then what the IRS wil do is appropriate all IRS collections first to FUBOCare. Then the penalties and interest you owe on unpaid income tax. Then the tax itself. And unpaid taxes will result in that lien.

So yeah. You won’t get a lien on your home due to FUBOCare, but if you don’t pay it - they will end-run you anyway.

(insert evil IRS laugh here)


18 posted on 11/04/2013 2:39:36 PM PST by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Colonel_Flagg

Exactly.


19 posted on 11/04/2013 2:39:58 PM PST by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: MrB

My hogs are mighty hungry...


20 posted on 11/04/2013 2:39:59 PM PST by snuffy smiff (Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy.)
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