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Keyword: irsobamacare

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  • When It Comes to Health-Care Reform, the IRS Rules

    05/07/2013 7:28:56 AM PDT · by Hojczyk · 11 replies
    CNBC ^ | May 6 ,2013 | Mark Koba
    Get ready for the Internal Revenue Service to play a dominant role in health care. When Obamacare takes full effect next year, the agency will enforce most of the laws involved in the reform-even deciding who gets included in the health-care mandate. "The impact of the IRS on health-care reform is huge," said Paul Hamburger, a partner and employee benefits lawyer at Proskauer. "Other agencies like Social Security will be checking for mistakes, but the IRS is the key enforcer," Hamburger said. "It's also going to help manage who might get health care." As a result, the agency has to...
  • New Obamacare Challenge: Lawsuit Says IRS Is Flouting the Law As Written by Congress

    05/02/2013 11:20:12 AM PDT · by ColdOne · 6 replies
    cnsnews.com ^ | 5/2/13 | Susan Jones
    (CNSNews.com) - Here comes another legal challenge to Obamacare: On Thursday, a group of small business owners and individuals in six states sued the federal government over an IRS regulation that they say goes beyond the "plain language" of the Affordable Care Act (ACA). In a nutshell, the plaintiffs argue that federal subsidies intended to help lower-income people afford insurance are going to states that should not get them. The way the Affordable Care Act is written, states that refuse to set up their own health care exchanges are not eligible for the federal premium subsidies. But the IRS rule...
  • The Supreme Court re-wrote ObamaCare in order to salvage it. Now the IRS takes its turn

    04/09/2013 9:07:24 AM PDT · by Oldpuppymax · 9 replies
    Coach is Right ^ | 4/9/13 | Doug Book
    In their haste to impose an historic affront to individual liberty, the authors of the Affordable Care Act (ACA) neglected to provide the federal bureaucracy with either the funding necessary to build ObamaCare exchanges within the various states OR the authority to award tax credits or impose penalties on the American public. For when the ACA was written it was foolishly believed by lawmakers that each of the 50 states would immediately take on the near 100 million dollar responsibility of completing an ObamaCare exchange within its borders—an exchange being the sales center without which no ObamaCare business may be...
  • Sequester won’t interrupt collection of taxes from 'ObamaCare'

    04/01/2013 12:11:04 PM PDT · by SeekAndFind · 1 replies
    The Hill ^ | 03/2013 | By Bernie Becker and Sam Baker
    Implementation of the taxes and fees from President Obama’s healthcare law is on track despite the cutbacks at the IRS from sequestration. The Affordable Care Act (ACA), enacted 2010 and derided by Republicans as “ObamaCare,” contains the broadest set of tax changes enacted in some two decades — more than 40 alterations in all, including penalties on people who choose not to purchase insurance. But while IRS and Treasury officials have warned of reduced services as employees are furloughed under the sequester, neither agency has expressed any concern that the automatic spending cuts would delay the rollout of the healthcare...
  • Bank account info belongs to CIA, says US government

    03/15/2013 11:41:15 AM PDT · by alexmark · 30 replies
    In an attempt to pursue terrorists across the globe, the Obama administration has proposed legislation that will give spy agencies access to citizens’ finances. Currently, the FBI is the only agency that has access to these databases, but the plan will give the CIA and NSA the same access. So does this proposition take the war on terror too far? Private investigator Kenneth Cummins explains the legality of the legislation.
  • IRS: How should we treat the new health insurer "fee"? (New Commiecare™ excise tax)

    03/04/2013 4:54:45 PM PST · by Libloather · 9 replies
    Life Health Pro ^ | 3/01/13 | Allison Bell
    The Internal Revenue Service (IRS) has posted a draft of proposed "health insurance providers fee" (RIN 1545-BL20) regulations. Consumer representatives and others are trying to get the IRS to write the regulations in such a way that the agency will discourage health insurance providers from trying to "recover a large portion of the fee from policyholders," officials said in a preamble to draft regulations. The rulemaking notice is set to appear in the Federal Register Monday. Comments will be due 60 days after the official publication date. The fee The proposed regulations are supposed to help the IRS implement Section...
  • IRS: Parents Must Pay Federal Fine for Uninsured Kids

    01/31/2013 7:11:08 PM PST · by Olog-hai · 74 replies
    Cybercast News Service ^ | January 31, 2013 | Matt Cover
    In new, final regulations issued Wednesday, the Internal Revenue Service (IRS) said that parents must pay a federal fine under Obamacare if their children or dependent spouses are uninsured for any part of the year. The regulations clarify provisions of Obamacare that seem to say that a parent will be held liable for Obamacare’s individual mandate penalty if they don’t have insurance coverage for their children. In its final regulations, the IRS states that parents will be made to pay the penalty if they can claim an uninsured child or spouse as a dependent, regardless of whether they actually claim...
  • IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

    01/31/2013 2:43:47 PM PST · by rhema · 250 replies
    CNS News ^ | January 31, 2013 | Matt Cover
    In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for family of five will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. “The annual national...
  • Romney Should Expose IRS as Enforcer for Obamacare

    10/09/2012 7:19:14 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 9, 2012 | Byron York
    As Mitt Romney campaigns on the promise to repeal Obamacare, some Republicans on Capitol Hill are trying to learn more about what the national health care law will actually do when it is fully implemented in 2014. Romney would do well to take a look at what they've discovered. Specifically, Romney might want to focus on the new and expanded role that the Internal Revenue Service will play in Americans' lives as a result of the Affordable Care Act. The nation's widely reviled tax collector will also become its health care enforcer. Once the law goes fully into effect, all...
  • IRS Notices Address Significant Issues under the Affordable Care Act

    05/02/2012 5:00:48 PM PDT · by mdittmar · 3 replies
    JD Supra ^ | 5/2/2012 | Edward I. Leeds and Clifford J. Schoner
    In a series of three notices, the IRS has signaled the approach that it may take on certain key issues arising under the employer shared responsibility, or “pay or play,” provisions of the Affordable Care Act (ACA) and is seeking comment on these and other questions. All of the matters discussed in the notices will ultimately be addressed in regulations.Minimum Value Under the Affordable Care Act, an employer with more than 50 employees will be subject to an excise tax if any of its full-time employees obtains subsidized coverage through a state insurance exchange. This subsidy is unavailable where an...
  • IRS to spend $93 million to ‘promote compliance’ with ObamaCare

    02/23/2011 4:14:22 PM PST · by STARWISE · 17 replies
    Pajamas Media - PJ Tatler ^ | 2-16-11 | Richard Pollock
    The Tatler has learned that Obamacare government auditing of American society has begun at the Internal Revenue Service. New details about the IRS budget were released this afternoon by Senator John Barrasso (who also is an MD). Quoting from the IRS budget document, he reveals that for the IRS, ObamaCare “represents the largest set of tax law changes in more than 20 years, with more than 40 provisions that amend the tax laws.” More than $93 million has been budgeted by the IRS to assure that the public complies with the new tax rules. Among other new IRS activities, the...