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News & Politics News & Politics

It’s Official: The IRS Will Raid Your Tax Data Through Obamacare

Posted by on May. 5, 2014 at 1:32 PM
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It’s Official: The IRS Will Raid Your Tax Data Through Obamacare

The Internal Revenue Service this week will publish a final rule requiring Obamacare health insurance exchanges to hand over key personal data to the IRS, which will use the information to implement the tax aspects of the controversial health care law.

The IRS rule covers health exchanges that sell insurance to individuals, and it takes effect this year. That means people enrolled in an Obamacare exchange this year will have their information given to the IRS as soon as it’s needed for tax purposes.

IRS Obamacare Personal Data

The IRS will be getting personal data from the healthcare exchanges in order to help it implement Obamacare. (AP Photo/J. David Ake, File)

Information to be handed over from Obamacare exchanges includes names, addresses, taxpayer identification numbers, insurance premium amounts, the name of the insurance issuer, and the insurance plan policy number issued by the exchanges.

The IRS says this data is needed to assess whether people are eligible for a health insurance tax credit. “This tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes,” according to the IRS.

The rule is being published amid ongoing concerns about data security, and after the troubled launch of the healthcare.gov website that exposed many technical glitches. Those issues have some worried that the personal data people give to the exchanges will be at risk.

House Republicans have passed a few bills aimed at addressing this potential problem. In January, for example, the House passed the Exchange Information Disclosure Act, which would require the government to tell people whenever their personal information has been compromised.

Republicans have also passed legislation requiring weekly updates from the administration on how the law is being implemented, including details about website glitches.

So far, however, only the House has passed these bills, and the Senate has not given any indication it will consider them.

The final IRS rule follows draft regulations that were issued last summer. Those rules were put out for public comment, and the final rules to be published this week were tweaked in some ways in response to those comments.

But the IRS also ignored some requests to alter the rule. For example, the draft rule said exchanges must tell the IRS whether a person enrolled in an Obamacare plan by a taxpayer is that taxpayer’s dependent. The commenter said the IRS should have that information, and that it therefore doesn’t need to be reported.

But the IRS said it would not change this rule.

“The final regulations do not adopt this comment because information the IRS provides as part of the verification process is from the taxpayer’s most recently filed tax return, which may be two years old,” the rule states.

The final IRS rule is due to be published on Wednesday.

by on May. 5, 2014 at 1:32 PM
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Replies (1-8):
lylalane7275
by Silver Member on May. 5, 2014 at 1:47 PM
1 mom liked this

Obamacare....the gift that keeps on giving.

Ednarooni160
by Eds on May. 5, 2014 at 1:51 PM
1 mom liked this


Quoting lylalane7275:

Obamacare....the gift that keeps on giving.

This reply..."priceless"..

1stmuslimah
by Silver Member on May. 5, 2014 at 2:01 PM

This is just getting way too stupid. Whatever happened to getting your damn coverage, going to the doctor, and that's that? I'm almost starting to be thankful that I am disabled and don't have to go through this crap for now any ways.

 




 



 


Sisters of Islam


Healthy Living & Cooking

erika9009
by Silver Member on May. 5, 2014 at 4:24 PM


Quoting 1stmuslimah:

This is just getting way too stupid. Whatever happened to getting your damn coverage, going to the doctor, and that's that? I'm almost starting to be thankful that I am disabled and don't have to go through this crap for now any ways.

I has never been about you getting  a Dr and coverage.  It's been about control for them.  The more they are involved, the more they can control.


____________________________________________________

Erika..

Children are a blessing and are never inconvenient.............

-Celestial-
by Pepperlynn on May. 5, 2014 at 4:26 PM

This isn't new. When I did a mock signup for the steps of doing so for my clients. They asked if I give them permission to access my return information IF I didn't know what my AGI was for the year.

1stmuslimah
by Silver Member on May. 5, 2014 at 4:27 PM

 

Quoting erika9009:

 

Quoting 1stmuslimah:

This is just getting way too stupid. Whatever happened to getting your damn coverage, going to the doctor, and that's that? I'm almost starting to be thankful that I am disabled and don't have to go through this crap for now any ways.

I has never been about you getting  a Dr and coverage.  It's been about control for them.  The more they are involved, the more they can control.

 

 Of course. The "Affordable" Health Care Act is about a whole lot more than "health care". It's a step towards taking our rights away and being in control of our personal lives... very scary.

 




 



 


Sisters of Islam


Healthy Living & Cooking

erika9009
by Silver Member on May. 5, 2014 at 4:37 PM


Quoting 1stmuslimah:


Quoting erika9009:


Quoting 1stmuslimah:

This is just getting way too stupid. Whatever happened to getting your damn coverage, going to the doctor, and that's that? I'm almost starting to be thankful that I am disabled and don't have to go through this crap for now any ways.

I has never been about you getting  a Dr and coverage.  It's been about control for them.  The more they are involved, the more they can control.


 Of course. The "Affordable" Health Care Act is about a whole lot more than "health care". It's a step towards taking our rights away and being in control of our personal lives... very scary.

Can you imagine the control a politician has over someone who is getting a subsidy for coverage???

They will never vote for a politician that might reduce or repeal Obama Care


____________________________________________________

Erika..

Children are a blessing and are never inconvenient.............

1stmuslimah
by Silver Member on May. 5, 2014 at 4:58 PM

 

Quoting erika9009:

 

Quoting 1stmuslimah:

 

Quoting erika9009:

 

Quoting 1stmuslimah:

This is just getting way too stupid. Whatever happened to getting your damn coverage, going to the doctor, and that's that? I'm almost starting to be thankful that I am disabled and don't have to go through this crap for now any ways.

I has never been about you getting  a Dr and coverage.  It's been about control for them.  The more they are involved, the more they can control.

 

 Of course. The "Affordable" Health Care Act is about a whole lot more than "health care". It's a step towards taking our rights away and being in control of our personal lives... very scary.

Can you imagine the control a politician has over someone who is getting a subsidy for coverage???

They will never vote for a politician that might reduce or repeal Obama Care

 

 That's where it starts with those who are getting sibsidy and are dependant. The rest will all fall in line later down the road.

 




 



 


Sisters of Islam


Healthy Living & Cooking

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