BitYakin -> RE: obamacare 2 points up! (10/24/2013 10:04:37 PM)
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quote:
ORIGINAL: Yachtie quote:
ORIGINAL: Phydeaux Yachtie, the only problem with not paying the penalty is the IRS can do all the other things the IRS does when you owe them money..... Like what? There is no provision for liens, entering your bank accounts, garnishment, etc. I'll be happy to explain how this will work, and no its not in any document, just what I EXPECT to happen year one you owe a penalty, you don't pay it nothing they can do, NEXT year its no longer a PENALTY you owe it just show up as previous years tax NOT PAID and will be treated like ANY OTHER NON PAYMENT of a tax... not sure I am explaining this correctly, but in essance after the actual year you OWE the PENALTY, from then on it will just show up on the records as you didn't pay your taxes in full... here is ANOTHER lil ploy they might try, you owe some taxes, even if you get a refund there will be some money you OWE that they KEEP, so they take the penalty out of THAT MONEY then say well you PAID THE PENALTY, but you still owe us for THIS TAX AMOUNT and again its treated as any other NON PAYMENT OF taxes this is just TO EASY, there may be NO PROVISION in the ACA, to collect, but when you OWE THE IRS YOU OWE THE IRS PERIOD! think of this lil fact, what provision is there in any document for the collect any other penatlies, for say LATE FILING etc etc etc but trust me after it acrues interest etc etc etc eventualy they WILL COME FOR IT!
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