New Obamacare Tax Form Mandates Americans Report Personal Health ID Info to IRS…

November 1, 2012 7:07 pm  

(ATR) -  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 or see below.  On the form, lines 3-4 show where taxpayers will disclose their personal identifying health information.

http://www.atr.org/new-obamacare-tax-form-mandates-americans-a7285

RNC alleges voting machine troubles in Nevada, other swing states...
Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

Top Stories

Supremes Strike Again: States Can’t Force Voters to Prove C... (Roll Call) - Monday’s big election law news came from the Supreme Court’s penultimate decision of the term upholding Arizona’s congressional ...
Vote Fraud – Deliberate Part of Dems’ Tactics? A conservative columnist contends Hillary Clinton and her fellow Democrats are counting on vote fraud to swing the results of upcoming elections their...
Republicans Lag Behind on Voter Information (LA Times) - The Republican National Committee's plans for the 2014 midterm election went far beyond taking control of Congress: They were to put in m...
Cyber Experts Warn of Voting Machine Hacks 'Unusual activity' found at Virginia polls (Fox News) -The recent cyber theft of millions of personnel records from the federal government was soph...
Pew: GOP-Leaning White Vote Down 22 Points Party 'faces big challenges' as base offset by growing minorities (Washington Examiner) - The GOP-leaning white vote has declined from 87 percent t...
Rasmussen Poll: More Than Three-Quarters of Voters Back Voter ID ... (Newsmax) - More than three-quarters of likely voters think voter ID laws are needed in the United States, according to the results of a new survey. ...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.