Posted on 10/20/2017 6:34:58 AM PDT by Red Badger
The IRS says it will not accept electronic tax returns that do not disclose whether the filer had health insurance coverage during the year.
It also says it will suspend paper returns that do not have the disclosure.
The IRS' move, which will bolster compliance with Affordable Care Act rules, comes as the Trump administration takes other steps to undercut the law.
The IRS is warning tax professionals that it will block or suspend processing of 2017 income tax returns that do not comply with Obamacare rules requiring filers to disclose their health insurance status.
The new move to tighten Americans' compliance with the Affordable Care Act comes even as the Trump administration takes steps to undercut it.
"Taxpayers remain obligated to follow the law and pay what they may owe at the point of filing," the IRS said in a description of the new policy.
The ACA requires most people to have some form of health insurance coverage or pay a tax penalty — a requirement known as Obamacare's individual mandate.
That penalty is the higher of 2.5 percent of adjusted gross household income or $695 per adult and $347.50 per child under age 18.
The agency, in an online notification to tax professionals, said that in the upcoming tax filing season "the IRS will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act."
"Returns filed on paper that do not address the health coverage requirements may be suspended pending the receipt of additional information and any refunds may be delayed," the IRS said.
Income tax returns contain a box that asks filers if they had health coverage during the year.
If they indicate they did not have coverage, filers must indicate on what grounds they are exempt from the mandate or say they will pay and then calculate the penalty for not complying.
The IRS said it will not accept electronically filed returns until a tax return addresses those points.
There are several possible exemptions from the mandate, including lacking access to affordable health coverage, being homeless, getting evicted, experiencing domestic violence, experiencing the death of a family member and filing for bankruptcy.
CNBC = Counterfeit News & Bull Crap
Don’t believe these Lying Leftist Media outlets that proved themselves during the 2016 campaign to be operatives of the DNC and intentional liars. They are presumed to be lying and we should presume what they publish is a lie. The presumption can only be rebutted with the outlet providing clear and convincing evidence they are not lying.
More of the stream of almost endless Leftist media’s published lies that gets people pissed off and demoralized.
How to create a socialist state by saul alinsky “control healthcare and you control the people.”
Absolutely. Sales tax is The Only Fair tax.
Income tax itself is unconstitutional.
The IRS has no business even existing.
Who is the irs? They report to TRUMP.
To hell with them.
Guess what president came from the CIA.
Post 52. Yep. Us or the WorkCamp
They’re not from the Undocumented Imposter, they’re from the seed that demanded the Messiah be crucified.
Putin?
Agreed! They are “kicking the can down the road;” “rearranging the deck chairs on the Titanic;” “doing the same thing they have always done and expecting a different outcome;” etc. etc.
We can Make America FRee Again by abolishing the income tax and the IRS!
We can Make America Great Again by passing the FAIRtax.
I worked there; briefly. In a very minor role.
BUT that was during the Reagan administration. Was a civilian working for the Marine Corps Reserve, too. Again, under Reagan. I was there when the Beirut attack happened.
Yes, a national sales tax to capture the underground economy and let visitors assist us.
And a simple flat tax on income, earnings, capital gains and estates.
Let’s Taqiya them. Everyone say “yes”
Only a sales tax. Any income tax is a governmental means of manipulation. My opinion.
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“Question: How does the Fair Tax protect low-income families and individuals and retirees on fixed incomes?
“Answer: Under the Fair Tax plan, poor people pay no federal taxes at all up to the poverty level! Every household receives a rebate that is equal to the Fair Tax paid on essential goods and services, and wage earners are no longer subject to the most regressive and burdensome tax of all, the payroll tax. Those spending at twice the poverty level will pay a tax of only 11.5 percent – a rate much lower than the income and payroll tax burden they bear today. Moreover, slow economic growth and recessions have a disproportionately adverse impact on lower income families....”
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The above reads like a Leftist talking-point, “The POOR, poor ‘poor’...”. Nothing re: re-educating oneself, finding another line of work, knock off spending the (now, ‘extra’) $$ on smokes\drinks\gambling. Taking responsibility for self and family.
Hence why I support a simpler, ‘unmodified’ F.T. (IE: xx% rate across the board, init. sale ONLY, NO ‘prebates’, etc).
EVERYONE should have skin in the game, ALL equal to another. One for one group, a lower for another? 11% will quickly become -x% and the fucker-cluck begins again.
The rich use fewer govt services than the ‘poor’ (protection\schools\medical\travel), yet whom gets the bill?
Or simply try your best to do just that.
OK. Go support your tax bill!
What is it?
It appears that the Obamanoids at the IRS are still running the joint.
It REALLY appears that it is VERY DIFFICULT TO KILL the Uniparty Establishment “organism!”
Kioskinjun needs to be fired like yesterday.
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