Is this a current news item? It is now mid-November, and they need until July to figure this out? JULY? The SOB has been in jail how long and they need seven and a half more months to “evaluate” this?
OK, here’s my question: if the additional tax is assessed on your 1040, how will they apply any withholding or payments you’ve made?
For example, suppose your total income tax, not including the affordable care insurance tax is $ 2,500, and your ACA insurance tax is $ 500, that’s a total on the 1040 of $ 3,000. If you have $ 2,600 paid in, and don’t pay the balance, can you just claim that the additional $ 400 is insurance tax and tell them to pound sand?
On the other hand, is this a way to recoup some of the earned income credit? If Papa Smurf has a $ 3,000 refund from EIC and owes $ 500 AC insurance tax, are they going to send him all $ 3,000, or offset the AC insurance tax?
My father, an ETO veteran, detested John L. Lewis for leading strikes during the war. Lewis would come on talk shows in the 1950’s and I thought dad would pop a blood vessel.
Because it would just be impossible to find a job where he has no contact with kids, right, judges? How about YOU hire him to take care of YOUR kids or grandkids, mkay, judges?