Americans Must Report Personal Health ID Info to IRS - The Firearms Forum

cheesewiz · 11-01-2012, 12:53 PM

Here's why the IRS will require Americans to disclose their personal health ID information starting in 2014

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. On the form, lines 3-4 show where taxpayers will disclose their personal identifying health information.

targetacqmgt · 11-01-2012, 02:22 PM

Ummm according to IRS bullitin 2012-15 the burden of reporting health care coverage info will be placed upon the INSURERS not the insured.

The purpose of the data base you are describing appears to be a check and balance data base to compare what the INSURERS are providing vs who is actually insured to collect the mandated individual uninsured fee. This is my viewpoint as a former CPA and auditor. Currently I am a registered Federal tax preparer

cheesewiz · 11-01-2012, 02:44 PM

Quote:

Originally Posted by targetacqmgt

Ummm according to IRS bullitin 2012-15 the burden of reporting health care coverage info will be placed upon the INSURERS not the insured.

The purpose of the data base you are describing appears to be a check and balance data base to compare what the INSURERS are providing vs who is actually insured to collect the mandated individual uninsured fee. This is my viewpoint as a former CPA and auditor. Currently I am a registered Federal tax preparer

You are more of a expert than I my friend , I just read that and passed it on . Another data base I don't want part of , they screw up my auto / bike insurance all the time in my state . Just another part of govt in my life I don't want or need. I have purchased medical ins my whole life .

bugeye · 11-02-2012, 10:13 AM

Quote:

Originally Posted by targetacqmgt

Ummm according to IRS bullitin 2012-15 the burden of reporting health care coverage info will be placed upon the INSURERS not the insured.

The purpose of the data base you are describing appears to be a check and balance data base to compare what the INSURERS are providing vs who is actually insured to collect the mandated individual uninsured fee. This is my viewpoint as a former CPA and auditor. Currently I am a registered Federal tax preparer

anyway you look at it, it's unconstitutional.
think about what will happen if obama wins again and appoints two more SCOTUS judges.

targetacqmgt · 11-02-2012, 10:53 AM

Yeah I agree we the people do not need another data base. But the tax man DOES inorder to collect the taxes proscribed by law from those who have NO insurance(until it is repealed). From an accountants view point they will NEVER collect enough tax as long as illegals have access to whatever health system the congress mandates. It only THEY who can raise taxes- all the pres does is get his lackeys in both houses to draft up a law that proscribes a tax that fits his agenda. With out a supporting Congress the Pres will not accomplish his goals.

So this coming election educate yourself on the STATE elections as well as any Federal congressonal or senate elections. We MUST push the liberals from BOTH federal houses. To regain a constitutional republic.

11-01-2012, 12:53 PM	#1
cheesewiz V.I.P. Member Join Date: Mar 2012 Posts: 280	Americans Must Report Personal Health ID Info to IRS Here's why the IRS will require Americans to disclose their personal health ID information starting in 2014 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. On the form, lines 3-4 show where taxpayers will disclose their personal identifying health information. -->

11-01-2012, 02:22 PM	#2
targetacqmgt Registered User Join Date: Sep 2012 Posts: 494	Re: Americans Must Report Personal Health ID Info to IRS Ummm according to IRS bullitin 2012-15 the burden of reporting health care coverage info will be placed upon the INSURERS not the insured. The purpose of the data base you are describing appears to be a check and balance data base to compare what the INSURERS are providing vs who is actually insured to collect the mandated individual uninsured fee. This is my viewpoint as a former CPA and auditor. Currently I am a registered Federal tax preparer

11-02-2012, 10:53 AM	#5
targetacqmgt Registered User Join Date: Sep 2012 Posts: 494	Re: Americans Must Report Personal Health ID Info to IRS Yeah I agree we the people do not need another data base. But the tax man DOES inorder to collect the taxes proscribed by law from those who have NO insurance(until it is repealed). From an accountants view point they will NEVER collect enough tax as long as illegals have access to whatever health system the congress mandates. It only THEY who can raise taxes- all the pres does is get his lackeys in both houses to draft up a law that proscribes a tax that fits his agenda. With out a supporting Congress the Pres will not accomplish his goals. So this coming election educate yourself on the STATE elections as well as any Federal congressonal or senate elections. We MUST push the liberals from BOTH federal houses. To regain a constitutional republic.