04-08-2016, 08:46 AM
Maybe they could get a waiver if they hadn't purchased any
If the State hasn't issued a 1095, there is no record of the purchase, right?
prove that they had insurance to avoid penalties and to possibly qualify for income-based rebates
The rest of the strategy goes like this: claim an exemption, get a waiver, file taxes by the 15th. Later, when the 1095 exists, file an amended return. (This strategy may or may not beat a simple extension, depending on rebates, etc.)
these people actually bought the insurance because it was affordable
If it was only affordable due to rebates when purchased through the connector, then the system starts to look like a scam. Perhaps someone will file a lawsuit or three.
Note also that IRS has no authority to pursue non-payment of health insurance penalties. This distinction makes no difference to most W2 employees (IRS won't be giving it back with your refund) but the self-employed can refuse to pay.
If the State hasn't issued a 1095, there is no record of the purchase, right?
prove that they had insurance to avoid penalties and to possibly qualify for income-based rebates
The rest of the strategy goes like this: claim an exemption, get a waiver, file taxes by the 15th. Later, when the 1095 exists, file an amended return. (This strategy may or may not beat a simple extension, depending on rebates, etc.)
these people actually bought the insurance because it was affordable
If it was only affordable due to rebates when purchased through the connector, then the system starts to look like a scam. Perhaps someone will file a lawsuit or three.
Note also that IRS has no authority to pursue non-payment of health insurance penalties. This distinction makes no difference to most W2 employees (IRS won't be giving it back with your refund) but the self-employed can refuse to pay.