Dude says he will just lie about health coverage to avoid fine. Will he get caught? (taxes, income)
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Most of the people I know are low income and getting hit w/fines. I have H&R Block do my taxes, so not very knowledgeable myself.
He says he will just check a box that says he had coverage and that's that. Is it really that easy for people to "opt out"? They don't require proof of coverage if you check yes??
So the only way for them to get caught is if they get audited or what?
What are the consequences? I don't want my buddy to screw himself over. He's low income so consequences are not important compared to saving the $300 fine or whatever it is...
If you are very low income why would you want to hide it? Obamacare is supposed to grant back costs to very low income people, so why does he not take advantage of that? Then he would not need to lie on his tax obligation form.
If you are very low income why would you want to hide it? Obamacare is supposed to grant back costs to very low income people, so why does he not take advantage of that? Then he would not need to lie on his tax obligation form.
20 states did not expand Medicaid. If you're somewhere like Florida or Texas, you're pretty much shut out of health care if you're low income but not poverty level.
Isn't the penalty like 1 or 2% of AGI? That's pretty low, why lie if you're low income?
Because 0% is lower?
I think it is highly unlikely that a low income person would be audited. Since this is all new information, the IRS doesn't have the systems in place to do the automated cross checking.
Well, probably because he's ****ing poor! Do you realize what it's like to be low income but not poverty level? I've been there. Said his fine is almost 2 weeks pay. That is a lot for the working poor. That's 5% of his yearly net.
On top of being cut to 29 hours because of the law in the first place.
I dunno - I got a bulletin from my employer that they'll be mailing me something to include with my tax return....I'll bet there's gonna be something that will at least point to the folks likeliest to be lying.
The IRS/Department of the Treasury ALREADY knows whether he has health care insurance or not. If he has not already received it, he will shortly receive a Form 1095 B which will state that they have no record of him having Health Insurance.
When he ticks off the box on his return that says he HAS health insurance, it will conflict with the IRS's info and will raise a Red Flag...and put him in the audit pile.
It's not nice to fool with mother nature....nor the IRS.
Well, probably because he's ****ing poor! Do you realize what it's like to be low income but not poverty level? I've been there. Said his fine is almost 2 weeks pay. That is a lot for the working poor. That's 5% of his yearly net.
On top of being cut to 29 hours because of the law in the first place.
If the cost of the available insurance is greater than 9% of his adjusted taxable income, he's exempt anyway.
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Do you realize what it's like to be low income but not poverty level? I've been there. Said his fine is almost 2 weeks pay. That is a lot for the working poor. That's 5% of his yearly net. 
