In 2014 when it becomes the law that everyone be insured, what will the individual (not the employer) penalty be for having no coverage and how will it be enforced?

In 2014 when it becomes the law that everyone be insured, what will the individual (not the employer) penalty be for having no coverage and how will it be enforced?

  • Posted by Helena Ruffin

As we understand the rules, payment for penalties must be included with applicable individuals’ federal income tax returns for the taxable years during which penalties apply. Applicable individuals are responsible for penalty payments owed by their dependents too (I.R.C. § 5000A(b)). Annual penalties for applicable…

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