I don’t think he knows what he is talking about. YOu owe the IRS and that is that.
YOu owe the IRS and that is that.”
Actually, the IRS OWNS you and me and everyone that is gainfully employed and not living on government handouts and that is that.
The point he’s making is true, that the IRS cannot compel people to pay the 0bamacare fine.
If everyone will adjust their W4 forms at the beginning of the year, it will (1) starve the beast a little... and (2) keep people from having that fine/tax/penalty held out of their refund due in April 2015.
It appears to be you doesn't know what he's talking about.
Obamacare Penalties: 3 Things to Know Before 2014
Penalty, shmenalty?
You might also want to know about one other minor detail about the Obamacare penalties: The IRS can't go after taxpayers who don't pay up. That's right -- the Affordable Care Act didn't include any provisions for the tax agency to enforce collection of the penalties.
2014 tax returns, which aren't due until April 2015, will include a spot for taxpayers to provide information about health insurance. If any penalties apply, the IRS will subtract the penalty amount out of any refund owed. If you don't get a refund or the penalty is greater than your refund, the agency will want you to mail a check to them or send funds electronically.
What happens if you decide not to send the money? The IRS could take it out of any future tax refunds. If your taxes are withheld through your employer, the agency could also get the money through that route. However, it can't press criminal charges or assess further financial penalties for not paying. The IRS also can't place a lien on property as it can when seeking payment of overdue taxes.
I’m with you.
If you owe the money for the year 2014, then the money for 2015, then 2016 ... it’s going to add up. Eventually you will have to pay big time.
Even if he is right.
For goodness sake people, read the damn law. KNOW YOUR RIGHTS
Rush is right. These penalties are not subject to regular IRS collection. No garnishment a, no liens.
http://www.jonesday.com/affordable_care_act/
Look at the last paragraph under individual mandate.
Simple keep your tax money then deduct $95 from what you owe (or 1%) then send in the rest! Don’t pay their tax/fine!