Posted on 01/08/2015 5:18:08 PM PST by Libloather
Wondering how Obamacare affects your tax return? Relax: You just need to know your NABPP and SLCSP from your SRP, MEC and ECN and follow the IRS's 21 PAGE guide
- Lengthy and impersonal 'Publication 5187' is now available as Americans grapple with Obamacare's impact on their annual tax returns
- Includes 4-page glossary of terms and acronyms taxpayers need to understand because of the Affordable Care Act
- Boiled down: Get medical insurance, prove you aren't required to, or pay a new tax
- Some example scenarios in the IRS manual are more than 150 words long, use confusing language and refer taxpayers to still more instructions
**SNIP**
The manual, called 'Publication 5187 Health Care Law: Whats New for Individuals & Families,' is 21 pages long and written with all the compassion of a mediaeval dentist.
(Excerpt) Read more at dailymail.co.uk ...
Agreed. I doubt they have a seamless implementation, anyway. I do know that a particular local tax firm has spent mucho hours training staff on the Obamacare aspect of the tax code, yet is anticipating problems and delays getting necessary information from the client and insurance cos and clients’ employers.
Democrats have made living a criminal offense. Unless, of course, you are in the country illegally.
Hubby is a Ret SCPO, 20 yrs, he does NOT qualify under the income restrictions for VA. Not even for service related health issues like hearing, and eyes. And neither Medicare nor Tricare Life cover hearing aids.
We just shelled out $3400K for mine which are the low budget ones. He will need the high budget ones which are $3400K each. A Co-Pay would have been nice, as they are a needed medical device.
We are under the RATIONED Medicare and Tricare Life crap.
You are probably correct now that I read it again, however I think the word “or” would have been a better choice.
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