Can I Lie About Health Insurance on Taxes

Please register to participate in our discussions with two million other members - it's gratis and quick! Some forums tin can only exist seen by registered members. After y'all create your account, you'll be able to customize options and access all our fifteen,000 new posts/day with fewer ads.

01-27-2016, 12:35 PM

7,346 posts, read 3,596,417 times Reputation: 7595

Nigh of the people I know are low income and getting hit west/fines. I accept H&R Block do my taxes, so not very knowledgeable myself. He says he will simply cheque a box that says he had coverage and that'south that. Is information technology actually that easy for people to "opt out"? They don't require proof of coverage if you check yes?? Then the merely mode for them to become caught is if they go audited or what? What are the consequences? I don't desire my buddy to spiral himself over. He's low income and then consequences are not important compared to saving the $300 fine or whatever information technology is...

01-27-2016, 01:24 PM

Mr_Geek Location: Southern California 12,713 posts, read xiii,492,563 times Reputation: 35360

It's like anything on your taxes. You tin can lie about annihilation, simply if y'all get audited yous meliorate be able to prove it.

01-27-2016, 02:08 PM

luv4horses Location: NC eight,280 posts, read eleven,362,148 times Reputation: 17942

If y'all are very low income why would you want to hide information technology? Obamacare is supposed to grant dorsum costs to very depression income people, so why does he not accept reward of that? And then he would non need to lie on his revenue enhancement obligation course.

01-27-2016, 02:25 PM

GeoffD 21,438 posts, read 13,031,954 times Reputation: 36693

Quote: Originally Posted past luv4horses If you are very low income why would you want to hibernate it? Obamacare is supposed to grant back costs to very low income people, and then why does he not have reward of that? And then he would not need to lie on his tax obligation form. 20 states did not expand Medicaid. If you're somewhere similar Florida or Texas, you're pretty much close out of health care if you're low income but not poverty level.

01-27-2016, 02:27 PM

Isn't the penalty like one or two% of AGI? That'south pretty depression, why lie if you're low income?

01-27-2016, 02:37 PM

GeoffD 21,438 posts, read thirteen,031,954 times Reputation: 36693

Quote: Originally Posted by UntilTheNDofTimE Isn't the penalty like i or 2% of AGI? That's pretty depression, why lie if you're depression 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 accept the systems in place to do the automatic cross checking.

01-27-2016, 02:39 PM

7,346 posts, read three,596,417 times Reputation: 7595

Well, probably because he'due south ****ing poor! Practice you realize what information technology'due south 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 cyberspace. On top of existence cut to 29 hours because of the law in the commencement place.

01-27-2016, 02:42 PM

reneeh63 Location: Primal IL 19,671 posts, read 13,139,001 times Reputation: 47305

I dunno - I got a bulletin from my employer that they'll exist mailing me something to include with my tax return....I'll bet at that place's gonna exist something that will at least point to the folks likeliest to be lying.

01-27-2016, 02:48 PM

Ted Comport 7,238 posts, read eight,553,497 times Reputation: 19435

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 before long receive a Form 1095 B which will land 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, information technology will conflict with the IRS's info and will raise a Cherry-red Flag...and put him in the audit pile. It'south not nice to fool with mother nature....nor the IRS.

01-27-2016, 02:51 PM

Ralph_Kirk 25,206 posts, read xv,073,373 times Reputation: 26987

Quote: Originally Posted past madison999 Well, probably considering he's ****ing poor! Do you realize what information technology'due south like to exist low income but not poverty level? I've been at that place. Said his fine is almost two 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 adapted taxable income, he'southward exempt anyhow.

Delight register to postal service and access all features of our very popular forum. Information technology is free and quick. Over $68,000 in prizes has already been given out to agile posters on our forum. Boosted giveaways are planned.

Detailed information near all U.S. cities, counties, and zip codes on our site: City-information.com.

All times are GMT -6.

algeronuarnand.blogspot.com

Source: https://www.city-data.com/forum/personal-finance/2520965-dude-says-he-will-just-lie-about-health-coverage-avoid-fine-will-he-get-caught.html

Share this post