SCOTUS Ruling Means Bigger, More Intrusive IRS

ptif219 · Jul 2, 2012

Obamacare will take away freedoms and put the IRS in your life

http://www.foxbusiness.com/government/2012/06/29/scotus-ruling-means-bigger-more-intrusive-irs/

IRS officials on background tell FOX Business the U.S. Supreme Court ruling on health reform gives the IRS even more powers than previously understood.

The IRS now gets to know about a small business's entire payroll, the level of their insurance coverage -- and it gets to know the income of not just the primary breadwinner in your house, but your entire familys income, in order to assess/collect the mandated tax.

Plus, it gets to share your personal info with all sorts of government agencies, insurance companies and employers.

And that's just the tip of the iceberg. "We expect even more lien and levy powers," an IRS official says. Even the Taxpayer Advocate is deeply concerned.

The IRS army will inexorably increase in size, too. The IRS will now add new agents to hunt down tax cheats, as it has been budgeted to spend $303.5 million building a new system, erected on the back of its old system, to oversee the effects of the health law, including making sure people get the new tax credits they deserve under the law.

As for the new IRS workers, the Government Accountability Office said the total will be about 4,500, with nearly 4,000 slated for enforcement.

On the $303.5 million for health care, the GAO said the IRS will continue the development of new systems and modifications of existing systems as well as other IRS enforcement systems for health reform."

Throughout, the IRS will be the agency enforcing the law, collecting these mandate penalties, as well as determining whether individuals buy adequate health coverage, and whether small businesses provide affordable coverage to workers under the new law.

However, Nina E. Olson, who runs the Taxpayer Advocate Office [TAO], a federal IRS overseer, has warned the new health law may require more IRS intrusions on taxpayer privacy, to determine whether individuals got appropriate health coverage, and whether small businesses provide affordable coverage, all of which is defined by the government.

Thats because the health-reform laws individual mandate requires almost all legal residents of the United States to have adequate health-care coverage, as determined by the federal government. And it requires businesses of all sizes must provide affordable coverage as defined by the federal government.

Health reforms insurance mandate says if you do not have adequate insurance, youll have to pay a fine as part of your tax return. If your business doesnt provide affordable coverage, that business may have to pay a fine to the IRS, too, as part of its tax return filings.

The TAO has noted Americans must now tell the IRS under the new law:

*Insurance plan information, including who is covered under the plan and the dates of coverage;
*The costs of your familys health insurance plans;
*Whether a taxpayer had an offer of employer-sponsored health insurance;
*The cost of employer-sponsored insurance;
*Whether a taxpayer received a premium tax credit; and
*Whether a taxpayer has an exemption from the individual responsibility requirement.

The TAO has warned: This is different from the type of information the IRS typically deals with, and some taxpayers may feel uncomfortable about sharing it with the IRS.

Olson has said the new law could even ramp up tax evasion: As a result, some taxpayers could be tempted to not file a tax return or file a return with incorrect or incomplete information, creating problems for both the taxpayer and the IRS."

The TAO has also reported that obtaining this new information will require the IRS to communicate with entities and government agencies that it may not deal with now, including:

*New state-run insurance exchanges;
*Employers;
*Insurance companies; and
*Government insurance programs.

But the TAO has warned that the IRS may not have the necessary skill sets, budget, or staffing to adequately enforce the new health reform law.
Click to expand...

Log in or Sign up

SCOTUS Ruling Means Bigger, More Intrusive IRS

ptif219 Well-Known Member

Share This Page

Log in or Sign up

SCOTUS Ruling Means Bigger, More Intrusive IRS

ptif219 Well-Known Member

Share This Page

Useful Searches