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Obamacare: Taxpayers Must Report Personal Health ID Info to IRS Read
Obamacare: Taxpayers Must Report Personal Health ID Info to IRS
The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate.
As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.
So why will the Obama IRS require your personal identifying health information?
Simply put, there is no way for the IRS to enforce Obamacare’s individual mandate without such an invasive reporting scheme. Every January, health insurance companies across America will send out tax documents to each insured individual. This tax document—a copy of which will be furnished to the IRS—must contain sufficient information for taxpayers to prove that they purchased qualifying health insurance under Obamacare.
This new tax information document must, at a minimum, contain: the name and health insurance identification number of the taxpayer; the name and tax identification number of the health insurance company; the number of months the taxpayer was covered by this insurance plan; and whether or not the plan was purchased in one of Obamacare’s “exchanges.”
This will involve millions of new tax documents landing in mailboxes across America every January, along with the usual raft of W-2s, 1099s, and 1098s. At tax time, the 140 million families who file a tax return will have to get acquainted with a brand new tax filing form. Six million of these families will end up paying Obamacare’s individual mandate non-compliance tax penalty.
As a service to the public, Americans for Tax Reform has released a projected version of this tax form to help families and tax specialists prepare for this additional filing requirement. Taxpayers may view the projected IRS form at www.ObamacareTaxForm.com. On the form, lines 3-4 show where taxpayers will disclose their personal health ID information.
View PDF here.
Read more: http://atr.org/obamacare-taxpayers-must-report-personal-health-a7611#ixzz2TByNrjJc
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Will Montana Voters Nullify the Mandate?
HELENA, Mont. – On Nov. 6, Montana residents will exercise their sovereign right and decide on health care freedom.
LR-122 would prohibit the state and federal governments from requiring any Montana citizen to purchase health insurance, or from “imposing any penalty, tax, fee or fine on those who do not purchase health insurance.”
Supporters in the legislature opted for a legislatively-referred state statute, figuring they would have a better chance of getting the bill enacted as a ballot measure, avoiding Democratic Gov. Brian Schweitzer’s veto pen.
Rep. Gary MacLaren (R-Victor) introduced the measure in the House. He called health insurance mandates a punishment for poverty.
“Who doesn’t have health insurance? People who can’t afford it. If they don’t [buy it] we’re going to fine them. So what are we doing? We’re fining people for being poor.”
MORE . . .
Related articles
- Will Montana Voters Nullify the Mandate? (tenthamendmentcenter.com)
- Florida voters get oppotunity to say ‘No!’ to federal insurance mandates (rubinoworld.com)
- States Considering Nullification (rubinoworld.com)
- Three and Counting: Another State Considers Obamacare Nullification (tenthamendmentcenter.com)
