Skip to comments.Obamacare Q&A: Will a tax lien affect my premium tax credit?
Posted on 01/15/2014 4:53:05 PM PST by artichokegrower
Q. If I owe state and/or federal taxes and have a lien against me, and I apply for and receive a premium tax credit for health insurance on a state marketplace, will this have to be paid back at some future point?
A. There's no clear guidance on this issue in the regulations, say tax experts.
You can qualify for a premium tax credit even if you owe a debt to the government, say experts. Further, there's nothing in the rules to suggest that you would have to repay the premium tax credit in addition to the money you already owe, says John W. Roth, a senior federal tax analyst at CCH, a tax and accounting information publisher.
(Excerpt) Read more at montereyherald.com ...
Correct question to ask: Will a tax lien caused by my failing to pay my bills because I was paying for Obamacare and couldn’t afford anything else affect my credit rating?
/sarc? My hypothesis:
IRS has an automatic profiling system that integrates data from the States and from NSA with taxpayer return data.
Audits could be triggered by this situation, if it’s in conjunction with:
Taxpayer not a registered Democrat (feed from States)
Taxpayer has possible “right-wing terrorist” leanings as determined from their communications (feed from NSA)
Audits will not be triggered for:
Anyone collecting government or union benefits of any kind, i.e., disability, pensions, etc.
As well as:
International ANSWER communists
Obama relatives & lovers...
“Dear sir...your guess is as good as ours! I hope we have been able to help you.”
“Next question, please.”
There is a basic formula which is around 99% accurate about tax liens. If you have access to money or property, either real or acquiring in the future then the IRS has access to it too. There are a few things they have to leave you tho those amounts may have changed since i worked for the Treasury. They must leave you $500 of the hand tools of you trade, or books to a lawyer.
When Istarted we could literally seize just about every penny they had. We could even seize money held by a lawyer’s trust fund.
The lien itself arises when demand for payment by the IRS is made and you do not pay. Often the government will not file a notice of tax lien if they think they can get their monty with littl trouble. The reason the file notice of a Federal Tax Lien is to name a date over which it can be superior to any other liens filed later than the notice of tax lien.
“We don’t know, we passed it without reading it.”