Implications of Health Insurance Enforcement on IRS pt 2


The recent Healthcare Reform Law has stirred up more controversy among Americans than any other law of late. Beginning in 2014, the government agency primarily tasked with ensuring that Americans adhere to this law is the IRS. Needless to say, this has stirred up even more animosity towards the whole matter. Even though the government and in particular the IRS has made clarifications to inform the people of how things will be run, strong emotions still run high. The IRS has already stated that it will not hunt down people who transgress the law or impose strong arm tactics like wage garnishments, jail terms or seizure of assets to punish them. While this is fine and good, there are still implications to the taxpayer of the health insurance enforcement by the IRS.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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