Rael
03-22-2010, 09:39 PM
Time to adjust withholding so you don't pay anymore taxes than you are required. You should be doing this anywway
“The use of liens and seizures otherwise authorized for collection of taxes does not apply to the collection of this penalty," according to the non-partisan Joint Committee on Taxation. "Non-compliance with the personal responsibility requirement to have health coverage is not subject to criminal or civil penalties under the code and interest does not accrue for failure to pay such assessments in a timely manner."
That means there’s virtually nothing the IRS can do to enforce the fines in the legislation, forcing the tax man to rely on the consciences of taxpayers or to skim off any federal benefits, tax credits or refunds they have coming to them.
"In other words, if you're due a refund or some other federal benefit, and you didn't obtain qualified insurance, your refund or benefit will be tapped for your fee,” said Bill Ahearn, director of policy and communications for the Tax Foundation.
http://www.foxnews.com/politics/2010/03/22/irs-serve-health-reform-enforcer-lacks-authority-enforce/
“The use of liens and seizures otherwise authorized for collection of taxes does not apply to the collection of this penalty," according to the non-partisan Joint Committee on Taxation. "Non-compliance with the personal responsibility requirement to have health coverage is not subject to criminal or civil penalties under the code and interest does not accrue for failure to pay such assessments in a timely manner."
That means there’s virtually nothing the IRS can do to enforce the fines in the legislation, forcing the tax man to rely on the consciences of taxpayers or to skim off any federal benefits, tax credits or refunds they have coming to them.
"In other words, if you're due a refund or some other federal benefit, and you didn't obtain qualified insurance, your refund or benefit will be tapped for your fee,” said Bill Ahearn, director of policy and communications for the Tax Foundation.
http://www.foxnews.com/politics/2010/03/22/irs-serve-health-reform-enforcer-lacks-authority-enforce/