If Obama Wins, You Must Disclose Your Personal Health ID Number to the IRS

While YOU the taxpayer will be subject to the Individual Mandate and reporting requirement identified in the below article, the following persons are granted exemptions from Individual Mandate: Prisoners, Undocumented Immigrants (e.g, Illegal Aliens), Welfare Recipients and any other favored by an HHS-granted religious exemption. Christians are already denied an exemption as individuals but not Muslims and yet to be determines other religions..

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Grover Norquist, President,Americans for Tax Reform: If President Obama is re-elected, Obamacare will continue to go into effect piece by piece. By now, you already know about the 20 new or higher taxes in the bill, but most Americans are not yet aware of the intrusive role the IRS will play in enforcing Obamacare.

Starting in 2014, all Americans who file income tax returns must complete an additional IRS tax form: the Obamacare Individual Mandate Tax Compliance form. Under the Obamacare mandate provision, you must disclose your personal health ID information to the IRS. To educate voters about this rarely reported requirement, Americans for Tax Reform has released a projected tax form to help American families realize how much more the IRS will be invading your personal lives going forward.

“Highlights” from the Obamacare Individual Mandate Tax Compliance Form include:
Determination of “qualifying” health insurance. Under the Affordable Care Act, most Americans must purchase health insurance deemed “qualified” by the Department of Health and Human Services (HHS) starting in 2014.

Disclosure of personal identifying health information. Every family that files a tax return (140 million households) will have to disclose whether or not they were covered by a qualifying plan, in which months they were covered, and what type of coverage they received.

IRS penalties and interest on unpaid mandate taxes. Because the Affordable Care Act’s individual mandate penalty is a tax, the IRS will be able to assess interest and non-criminal penalties on those families who will not or cannot pay the tax. The IRS will issue regular, periodic correspondence audits to these families to help them comply with their filing responsibilities.

Take action now by making sure your friends and family are aware of the new IRS requirements and what the Obamacare Individual Mandate Compliance Form could look like in the future. Obamacare played a major role in reshaping Congress in 2010; it can have the same impact in 2012.
Please make sure your friends and family know what’s coming in 2014 if Obama wins!

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Tags: Obamacare, IRS, personal healthcare ID number, IRA penalties, mandate taxes, election 2012, Grover Norquest, Americans for Tax Reform To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!