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To: Duke C.

Caution: A knowledgeable FReeper pointed out the other day that although the penalty in itself will not lead to liens or seizures, if you owe the IRS other monies and the IRS takes action against those funds that the total sum including the penalty likely will be involved in the action.


26 posted on 10/06/2013 6:12:28 PM PDT by steve86 (Some things aren't really true but you wouldn't be half surprised if they were.)
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To: steve86
In the Part D markets, the “penalty” goes away if you get any “extra help” with your Medicare from the State or the Feds. It is called, now, the “Medicare Savings Plan” and includes “MLB” and other programs that help with the Part B and Part D Premiums as well as the co-pays at the Pharmacy.

I know people who have qualified for public assistance JUST to get out of the Part D penalty.

If the IRS bankrupts someone over the penalty, and that person gets any form of public assistance thereafter, from the State, the penalty will go away.

Of course, at that point? They have forced you to “surrender” in many ways.

28 posted on 10/06/2013 6:16:28 PM PDT by Kansas58
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