Skip to comments.CPA said IRS can't use enforcement action against you-Obamacare penalty.
Posted on 08/31/2013 7:46:37 AM PDT by urtax$@work
FReepers, this is a short transcript of what KSEV Edd Hendee discussed the Obamacare tax penalty with a CPA.
Visit the link to listen to the full 3 min. interview. For discussion purposes. This is not tax advice.
CPA: IRS - Cannot use enforcement action against you for not paying Obamacare Penalty?
The Edd Hendee Show KSEV 700AM (Houston Texas)
Rebroadcast listen at link above. The 8AM segment, mark 27:00 . Interview with Bob Martin , CPA Accountant to the Stars , Channel 26.
EDD: Bob Martin, Welcome to the voice of Texas Bob. Good to have you with us. This is the Accountant of the Stars, from Channel 26.
Bob: Morning Edd, you know you were talking about the fine or penalty you pay for not having adequate health insurance under Obamacare starting Jan 1st of next year.
EDD: The've relabeled it though Bob, Whats the name of this thing now?
Bob: Im not sure exactly whats the name of it is but I will tell you that you do not have to pay it.
Whats happened is that the IRS-- it is not a civil or criminal penalty not to pay it . And what happens is if you have a refund on your tax return they can take it out of there.
So lets say if you calibrate your tax return to just pay in the tax that you owe and not pay in the this fine or penalty they cannot charge you civil or criminal penalties for not paying this fine.
EDD: Right, Just like they cant charge you criminal penalties for not paying your taxes. It then just becomes and opportunity for the government to move against your paycheck garnishing your wages, bank account, or eventually seizing your assets to have the debt paid .
Its a tax obligation.
Bob: NO ! Its NOT! - Thats the whole deal.
EDD: Its not?? . Bob: No, yeah, There is no civil or criminal penalties. .............
Go listen to the whole 3 minute discussion. It may be gone by today or Monday morning.
The IRS will do whatever the hell it wants, legal or otherwise. Anyone who thinks differently is a fool....
I listen to this show every weekday morning on my way to work. I am so glad Edd is back!
Advise the same. Thanks for putting this out there to inform Freepers!
Freepers - get your withholding in order!! Starve the beast!
Sorry Freepers, here is the segment to listen to.
Starting at mark 27:00
Date 8 - 29 - 13 8AM segment.
The text that you posted can not be found at the link that you posted.
I was sure the economy was evolving to half serving burgers to the other half that cut grass. Now, I think it will be serving burgers to the IRS auditing the burger flippers.
transcription by me - from many replays of the audio.
Edd Hendee gives the contact info of Bob Martin-CPA at the end
of the interview.
The law is what the Great Choomer says it is.
In Obama-topia outmoded ideas like constitutions and laws have been replaced by Obama’s whims and feelings.
Confirming what we’ve read for months.
If you’re gonna duck Obamacare, don’t over-withhold taxes.
This would be true, IF we had a feral government that submits to the rule of law.
You mean we might have some problems from those 15,000 IRS agents they hired to administer the law?
Why else would they be there?
These IRS thugs need to watch their backs. People are pissed and sick of this despotism.
No pity for what happens to them. NONE.
Was he the tax person Wesley Snipes used?
You’re right. The IRS already keeps Tea Party non-profit applications in limbo so they can neither raise money nor sue for rejection. They’ll find ways to assess fees and collect, when there is so much revenue at stake and assessors hired for this very purpose.
It’s really very simple. You get flagged for audits on your yearly taxes. Every year from now until the day you die.
The government’s power to harass is limitless.
If you are a business, it can harass you into bankruptcy with endless legal fees. The government’s budget for legal actions is limitless.
If you are an individual, well, you are SOL if they flag you for “attitude adjustment”.
My late father wrote a very polite, but critical, letter to Slick Willie and got audited for the next 3 years.
Have you ever been audited???
I have several times, and everytime I go in it is for a different slant on the same reason...
They know what my activism and associations are, and that is an unspoken part of it...
The big part is the money I do make...My capital gains over the last 10 years has been more than what I make in salary, if I am working, and thru their narrow-mindedness, can’t seem to understand that concept...They seem to think I am doing something wrong, and want really bad to catch me at it...
One bit of advise...Never go into ANY meeting with these people without legal representation...Demand full disclosure of evidence, depositions, and make sure you have YOUR ducks in a row beofre walking into that meeting...
Be mature, polite, strong, and listen to that attorney of yours says to do, and say...Do not say a single word without consulting with that representation...
You can end the meeting at anytime, you were invited, so you can leave...All they can do is call you back...
Some auditors are pretty smart, some are dumb and make up for that by being overbearing, pushy, rude and threatening...At which point you smile and say, “We are done here for now...Call me when you have someone who is more mature and capable of resolving these discrepancies YOU claim are present!”
You can turn the tables on them...And there is not a damn thing they can do about it when the tapes are reviewed...You usually do not see the same person either, in some cases...And that is somewhat of an advantage for you as they are fragmented and may not be well briefed on your demeanor, or capabilities (strengths)...
Keep calm and press on!!!