But for those who are not getting a refund and no taxes due (but have this penalty added against them), will it continue to stay on the IRS books with interest added? That could get expensive.
Somewhat jumbled in my mind. I hope someone can lay it out really clear to understand all the different tax scenerios.
As written in the ACA (or at least how I understand it and have read several articles that claim the same); the IRS cannot collect the penalty through any means of wage garnishment, nor can they apply interest to the amount owed for the penaly/tax WRT to obamacare. They can take it from a refund owed to a filer, but cannot take any other legal remedies to go after a filer for the penalty.
The simplest solution is to find a health care plan that fulfills the requirements of the ACA (if you must have insurance), or if you don’t want to pay for healthcare insurance, then owe taxes every year and only pay the amount you owe for actual taxes and not the penalty. Clearly put on the memo section of the check that the money is for taxes owed and not the shared responsibility payment/penalty.
Of course you have to deal with rule by fiat from this piece of garbage who calls himself president, so you might have legal fees for going this route.