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Itís Official: The IRS Will Raid Your Tax Data Through Obamacare
theblaze.com ^ | may 5, 2014 | Pete Kasperowicz

Posted on 05/05/2014 1:48:51 PM PDT by lowbridge

The Internal Revenue Service this week will publish a final rule requiring Obamacare health insurance exchanges to hand over key personal data to the IRS, which will use the information to implement the tax aspects of the controversial health care law.

The IRS rule covers health exchanges that sell insurance to individuals, and it takes effect this year. That means people enrolled in an Obamacare exchange this year will have their information given to the IRS as soon as it’s needed for tax purposes.

Information to be handed over from Obamacare exchanges includes names, addresses, taxpayer identification numbers, insurance premium amounts, the name of the insurance issuer, and the insurance plan policy number issued by the exchanges.

The IRS says this data is needed to assess whether people are eligible for a health insurance tax credit. “This tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes,” according to the IRS.

The rule is being published amid ongoing concerns about data security, and after the troubled launch of the healthcare.gov website that exposed many technical glitches. Those issues have some worried that the personal data people give to the exchanges will be at risk.

(Excerpt) Read more at theblaze.com ...


TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: 0carenightmare; abolishobamacare; cartel; exchanges; irs; irsdatasecurity; irsobamacare; irsscandals; lootingmiddleclass; obamacare; obamacarepremiums; obamacaresecurity; obamacaresubsidies; repeal

1 posted on 05/05/2014 1:48:51 PM PDT by lowbridge
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To: lowbridge


2 posted on 05/05/2014 1:52:52 PM PDT by Diogenesis
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To: lowbridge

http://www.LivingInThePhilippines.com

http://www.livinginsingapore.org


3 posted on 05/05/2014 1:53:20 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: lowbridge

Fascism by another name.


4 posted on 05/05/2014 1:57:08 PM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: lowbridge

Way past time to send thousands of patriots to all IRS buildings and chain them shut.

Leave the thieves inside and let them starve to death. F**K em!


5 posted on 05/05/2014 2:03:03 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: lowbridge

The new employment numbers were positive because 0bamaCare is in the process of hiring 50,000 IRS agents so everyone has to comply.


6 posted on 05/05/2014 2:03:23 PM PDT by Zuben Elgenubi (NOPe to GOPe)
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To: lowbridge
You just know that Osama Obama climaxes in his pants when he reads the clause that authorizes 16,000 new IRS agents.
7 posted on 05/05/2014 2:47:15 PM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: I want the USA back

Wow. Who saw THIS coming?


8 posted on 05/05/2014 3:04:38 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: lowbridge

Now, we know why cash only millienials and certain cash only minority groups are not lining up to sign up for Obozo care.


9 posted on 05/05/2014 3:25:59 PM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: lowbridge

Please indulge me for a moment, but doesn’t the IRS already have my tax data?
Seems like I give them a whole bunch of it every April 15th!


10 posted on 05/05/2014 3:31:25 PM PDT by Fireone (Impeach and imprison, NOW! Treason and murder are still crimes.)
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To: Fireone

That is true, you [we]do. But with this, they add to and crossreference to see if everything checks out. I could be wrong but I think that if you declare 50,000 dollars taxable income and your spending indicates you made 75, oo0 dollars. they would want explainations about the difference.


11 posted on 05/05/2014 3:39:57 PM PDT by sport
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To: Diogenesis

“He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance.”


12 posted on 05/05/2014 4:41:42 PM PDT by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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