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- Mar 13, 2012
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Don't like the idea of Obama Care? Don't worry about it, just ignore it, since the IRS has no authority to enforce the fines associated with not having the insurance. The IRS is just a paper Tiger when it comes to the Affordable Care Act
Interesting fact: The IRS cant go after you if you dont pay the fine
Section 1501(g)(2) of the Affordable Care Act specifies that the IRS cannot subject taxpayers to any criminal prosecution or penalty for refusing to pay the mandate fine. Also, in contrast to normal tax levies, the IRS cannot file notice of lien with respect to any property of a taxpayer by reason of any failure to pay the penalty imposed by this section.
Basically, the only thing the IRS can do to make you pay the mandate fine is to take it out of your withholding, or withhold it from your tax refund, if youre due one. So if you dont participate in the withholding process, the IRS has no way to collect the mandate fine.
White House Publishes Final Regulations For Obamacare's Individual Mandate -- Seven Things You Need To Know - Forbes
Interesting fact: The IRS cant go after you if you dont pay the fine
Section 1501(g)(2) of the Affordable Care Act specifies that the IRS cannot subject taxpayers to any criminal prosecution or penalty for refusing to pay the mandate fine. Also, in contrast to normal tax levies, the IRS cannot file notice of lien with respect to any property of a taxpayer by reason of any failure to pay the penalty imposed by this section.
Basically, the only thing the IRS can do to make you pay the mandate fine is to take it out of your withholding, or withhold it from your tax refund, if youre due one. So if you dont participate in the withholding process, the IRS has no way to collect the mandate fine.
White House Publishes Final Regulations For Obamacare's Individual Mandate -- Seven Things You Need To Know - Forbes