Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
Special Election Underway in Alabama’s 1st District http://t.co/nOJOcgtAXS
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ATR Supports Motion to Proceed to S.744 http://t.co/ViCcRwzQpY
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“Do [Americans] care about data vs. metadata, or do they care that the government is watching them?” -@MDuppler: http://t.co/lc94WuBQrG
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“The IRS went above and beyond just targeting groups. It went after individuals.” -@MDuppler: http://t.co/xcAGfTF4W1
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ATR’s @MDuppler discuses whether immigration reform can move forward with MSNBC's @chucktodd: http://t.co/lc94WuBQrG
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#Obamacare requires that everyone in a workforce has the same “quality” health coverage: http://t.co/tHLNRGQ1jN http://t.co/xkTWidjnmw
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CoGC: VIDEO ALERT: COGC’s Mattie Duppler Joins MSNBC's the Daily Rundown to Talk Immigration Reform http://t.co/J7RxqjosuW
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The IRS scandal “continues to poke holes in the idea that big government is good for a prosperous nation” -@MDuppler http://t.co/xcAGfTF4W1
taxreformer
The #NBAFinals is now even, just like #Texas and #Florida’s state income tax rates: 0%! http://t.co/cYf2veJWv2 #Heat #Spurs
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CoGC: VIDEO ALERT: COGC’s Mattie Duppler Discusses the Ongoing IRS Scandal on The O'Reilly Factor http://t.co/rc359VcUDG
taxreformer
When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form. 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 or see below. On the form, lines 3-4 show where taxpayers will disclose their personal identifying health information.
Follow the authors on Twitter: @Ryanlellis and @JohnKartch
Download a PDF version of the form here.
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