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Keyword: irsauthority

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  • The Wrong Prescription: Democrats' Health Overhaul Dangerously Expands IRS Authority

    03/31/2010 11:00:52 AM PDT · by Whenifhow · 49 replies · 2,611+ views
    House of Representatives ^ | March 18, 2010 | Ways & Means
    EXECUTIVE SUMMARY ***Highlights of New IRS Authority***  IRS agents verify if you have “acceptable” health care coverage  IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage”  IRS can confiscate your tax refund  IRS audits are likely to increase  IRS will need up to $10 billion to administer the new health care program this decade  IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect...