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Keyword: form1040

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  • Major Blow to Obamacare Mandate: IRS Won't Reject Tax Returns That Don't Answer Health Insurance Q.

    02/15/2017 7:37:02 AM PST · by GonzoII · 41 replies
    reason.com ^ | |Feb. 14, 2017 | Peter Suderman
    The tax agency has stopped requiring individual filers to indicate whether they maintained health coverage or paid the mandate penalty as required under the law How much difference does a single line on a tax form make? For Obamacare's individual mandate, the answer might be quite a lot. Following President Donald Trump's executive order instructing agencies to provide relief from the health law, the Internal Revenue Service appears to be taking a more lax approach to the coverage requirement. The health law's individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a...
  • Lawyer gets 5-cent IRS bill, 4-cent refund

    01/03/2009 6:30:52 PM PST · by DogByte6RER · 16 replies · 1,851+ views
    MSNBC ^ | Sat., Jan. 3, 2009 | Associated Press
    Lawyer gets 5-cent IRS bill, 4-cent refund Detroit defense attorney remains confused over two notices DETROIT - James Howarth is a little confused by two letters he has received from the Internal Revenue Service. The Detroit defense lawyer received one letter in November that said he owed the IRS money — five cents. He was warned that he should pay "to avoid additional penalty and/or interest," the Detroit Free Press reported Saturday. Howarth said he then received a second letter telling him the government owes him money — four cents. He was told he would have to request the refund...
  • Judge sentences Snipes to 3 years for tax convictions

    04/24/2008 8:51:05 PM PDT · by XR7 · 48 replies · 101+ views
    msnbc ^ | 4/24/08
    <p>OCALA, Fla. -- Wesley Snipes was sentenced to three years in prison on tax charges Thursday, a victory for prosecutors who sought to make an example of the action star by aggressively pursuing the maximum penalty.</p>