Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $13,249
15%  
Woo hoo!! And the first 15% is in!! Thank you all very much!!

Keyword: 0caredependents

Brevity: Headers | « Text »
  • IRS: Parents Must Pay Federal Fine for Uninsured Kids

    01/31/2013 7:11:08 PM PST · by Olog-hai · 74 replies
    Cybercast News Service ^ | January 31, 2013 | Matt Cover
    In new, final regulations issued Wednesday, the Internal Revenue Service (IRS) said that parents must pay a federal fine under Obamacare if their children or dependent spouses are uninsured for any part of the year. The regulations clarify provisions of Obamacare that seem to say that a parent will be held liable for Obamacare’s individual mandate penalty if they don’t have insurance coverage for their children. In its final regulations, the IRS states that parents will be made to pay the penalty if they can claim an uninsured child or spouse as a dependent, regardless of whether they actually claim...
  • Supporting a relative? Then pay their Obamacare penalty!

    01/31/2013 4:58:54 PM PST · by mrsmith · 22 replies
    IRS ^ | 1/31/13 | self
    Page 17 "...b. Liability for shared responsibility payment i. Liability for dependents Under section 5000A(b)(3)(A), if an individual with respect to whom the shared responsibility payment is imposed for a month is another individual's dependent (as defined in section 152) for the taxable year including that month, the other individual is liable for the shared responsibility payment for the dependent. The proposed regulations clarify that a taxpayer is liable for the shared responsibility payment imposed with respect to any individual for a month in a taxable year for which the taxpayer may claim a personal exemption deduction for the individual...