• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

H&R Block to see increased revenue due to Obamacare

boomerang

boomerang

Lifer
Our tax prep will be more complicated for the 2014 tax year with a number of new forms that must be filled out. Lots of questions to be answered and data to collect and retain. H&R Block estimates that 25% of its customers will be affected and that the number will grow in the future. In fact, they predict increased business from taxpayers that currently do their own taxes due to the increased complexity.

H&R Block, Your Taxes, and ObamaCare

Click on the link 'instructions for 8965'. On page 5 there is a worksheet to determine your Shared Responsibility Payment. You'll be glad you kept track of which members of your household had coverage for which months. You'll be glad you kept your Exemption Certificate Number for any household members for which that applied too.

The Individual Shared Responsibility Provision

[FONT="]Under the Affordable Care Act, the Federal government, State governments, insurers, employers, and individuals share the responsibility for health insurance coverage beginning in 2014. Many people already have qualifying health insurance coverage (called minimum essential coverage) and do not need to do anything more than maintain that coverage.[/FONT]
[FONT="]The individual shared responsibility provision requires you and each member of your family to either:[/FONT]

  • [FONT="]Have minimum essential coverage, or[/FONT]
  • [FONT="]Have an exemption from the responsibility to have minimum essential coverage, or[/FONT]
  • [FONT="]Make a shared responsibility payment when you file your 2014 federal income tax return in 2015. [/FONT]
Click to expand...

Ah, shared responsibility payments. Good times.
 
Last edited:
So, have minimum coverage for yourself or pay into the public coffers that are going to be needed to cover your bills when you hurt yourself and can't afford it. Is that about it? If so, works for me. I'm all for people not freeloading.
 
Why should I have to pay into a public healthcare system when I can save money not having any healthcare and have the system simply cover it if I ever have an illness that turns critical?
 
Sonikku said:
Why should I have to pay into a public healthcare system when I can save money not having any healthcare and have the system simply cover it if I ever have an illness that turns critical?
Click to expand...

Because paying for people who choose not to do anything is called responsibility. Ask senseamp.
 
H&R Block fluffs up their prospects for investors. The American Stinker uses that to froth up the usual outrage from the usual chumps & Boomerang is here to embellish the whole deal with his usual mewling.

Odds are that he's covered by an employer sponsored plan as are most Americans so he tied his panties in a knot over faux compassion for the pitiful paperwork plight of his fellow citizens.

Must be a slow day for outrage, but he'll find some. Can't live without it, apparently.
 
boomerang said:
Our tax prep will be more complicated for the 2014 tax year with a number of new forms that must be filled out. Lots of questions to be answered and data to collect and retain. H&R Block estimates that 25% of its customers will be affected and that the number will grow in the future. In fact, they predict increased business from taxpayers that currently do their own taxes due to the increased complexity.

H&R Block, Your Taxes, and ObamaCare

Click on the link 'instructions for 8965'. On page 5 there is a worksheet to determine your Shared Responsibility Payment. You'll be glad you kept track of which members of your household had coverage for which months. You'll be glad you kept your Exemption Certificate Number for any household members for which that applied too.

The Individual Shared Responsibility Provision

Ah, shared responsibility payments. Good times.
Click to expand...

I guess this is off the beaten path a little bit, but I enjoyed yelling at my insurance company when they tried to use a bunch of new industry terms on me to bullshit me. I called them because they didn't cover an event they should have, and they tried to start talking to be about co-insurance and shared liability and a bunch of other bullshit. It was enjoyable to tell them point blank to shut hell up, that I have a copay and NOTHING else, and that I do not have 'co-insurance' or 'shared liability' or any other term they wanted to make up to try to confuse me.

I have health insurance that covers everything with a co-pay, and I have my little card that tells me what the co-pay is. They can take the rest of their intentionally confusing mumbo-jumbo and shove it up their ass =). They ran back with their tail between their legs and paid it.

Anyway... I won't see any increase in complexity on my taxes since my company provides my health care. Why can the government just auto-deduct the amounts like they do with SS and FICA and then just clean up the errors at the end of the year? Why the need for more complexity?
 
Pulsar said:
I guess this is off the beaten path a little bit, but I enjoyed yelling at my insurance company when they tried to use a bunch of new industry terms on me to bullshit me. I called them because they didn't cover an event they should have, and they tried to start talking to be about co-insurance and shared liability and a bunch of other bullshit. It was enjoyable to tell them point blank to shut hell up, that I have a copay and NOTHING else, and that I do not have 'co-insurance' or 'shared liability' or any other term they wanted to make up to try to confuse me.

I have health insurance that covers everything with a co-pay, and I have my little card that tells me what the co-pay is. They can take the rest of their intentionally confusing mumbo-jumbo and shove it up their ass =). They ran back with their tail between their legs and paid it.

Anyway... I won't see any increase in complexity on my taxes since my company provides my health care. Why can the government just auto-deduct the amounts like they do with SS and FICA and then just clean up the errors at the end of the year? Why the need for more complexity?
Click to expand...


But that's not your insurance company, that's the current administration. What sounds better to the masses, "shared responsibility payment" or "Obamacare Tax"?
 
Matt1970 said:
But that's not your insurance company, that's the current administration. What sounds better to the masses, "shared responsibility payment" or "Obamacare Tax"?
Click to expand...

You grew up in a culture that inflicts sever emotional damage on people, many of whom are crippled so badly by it, or have to care for those who are, they can't make a job related success of their lives. But just because you escaped the worst of the damage and are managing successfully right now for yourself doesn't mean you always will, or that the contempt with which you hold the failures is necessary. You look far too much at how the failure of others brings you down and not enough at how the system you managed to survive destroys so many others. Everybody would like to see less human tragedy. The debate is about how to get it. You won't rationally enter that debate so long as it's all about your ego.
 
boomerang said:
Our tax prep will be more complicated for the 2014 tax year with a number of new forms that must be filled out. Lots of questions to be answered and data to collect and retain. H&R Block estimates that 25% of its customers will be affected and that the number will grow in the future. In fact, they predict increased business from taxpayers that currently do their own taxes due to the increased complexity.

H&R Block, Your Taxes, and ObamaCare

Click on the link 'instructions for 8965'. On page 5 there is a worksheet to determine your Shared Responsibility Payment. You'll be glad you kept track of which members of your household had coverage for which months. You'll be glad you kept your Exemption Certificate Number for any household members for which that applied too.

The Individual Shared Responsibility Provision



Ah, shared responsibility payments. Good times.
Click to expand...

Cool, so H&R Block is a good investment opportunity.

Thanks for bringing us the news!!
 
Pulsar said:
Anyway... I won't see any increase in complexity on my taxes since my company provides my health care. Why can the government just auto-deduct the amounts like they do with SS and FICA and then just clean up the errors at the end of the year? Why the need for more complexity?
Click to expand...

Because there are too many variables for such deductions to be accurate. Being uninsured for one month is obviously different from being uninsured the whole year & there's no way to tell until after the fact.

The easy way to avoid the paperwork & payment is to stay insured, through your employer, the exchange or Medicaid. It's unfortunate that people who'd qualify for medicaid expansion but live in non-compliant states will need to deal with it, but that's not the fault of the federal govt at all.
 
senseamp said:
GOP is the party of no responsibility.
Click to expand...
Real rape.

I must be the only person who doesn't bitch about taxes being difficult. There are lots of software packages to help file taxes. They cost about $20 and it's mostly an hour or two of me selecting no for everything. Do I have kids, do I have slaves, have I been in prison for a crime which may or may not have almost been not acquitted in one of the following states, etc.
People can bitch about taxes being too high, but don't tell me you can't do 1 hour of mouse clicking per year. Or you could be one of those libertarian retards who chooses not to file a tax return because they want the government to keep their money for some reason.
 
Moonbeam said:
You grew up in a culture that inflicts sever emotional damage on people, many of whom are crippled so badly by it, or have to care for those who are, they can't make a job related success of their lives. But just because you escaped the worst of the damage and are managing successfully right now for yourself doesn't mean you always will, or that the contempt with which you hold the failures is necessary. You look far too much at how the failure of others brings you down and not enough at how the system you managed to survive destroys so many others. Everybody would like to see less human tragedy. The debate is about how to get it. You won't rationally enter that debate so long as it's all about your ego.
Click to expand...

Who are you kidding, you haven't debated anything since you got on this server.
 
tracerbullet said:
So, have minimum coverage for yourself or pay into the public coffers that are going to be needed to cover your bills when you hurt yourself and can't afford it. Is that about it? If so, works for me. I'm all for people not freeloading.
Click to expand...
lol

I pay $618/mo for a $10K deductible.

Glad I'm not freeloading.

Idiot. You should keep lurking.
 
Jhhnn said:
H&R Block fluffs up their prospects for investors. The American Stinker uses that to froth up the usual outrage from the usual chumps & Boomerang is here to embellish the whole deal with his usual mewling.

Odds are that he's covered by an employer sponsored plan as are most Americans so he tied his panties in a knot over faux compassion for the pitiful paperwork plight of his fellow citizens.

Must be a slow day for outrage, but he'll find some. Can't live without it, apparently.
Click to expand...
Let's see how that works out when the employer mandate kicks in.
 
Jhhnn said:
H&R Block fluffs up their prospects for investors. The American Stinker uses that to froth up the usual outrage from the usual chumps & Boomerang is here to embellish the whole deal with his usual mewling.

Odds are that he's covered by an employer sponsored plan as are most Americans so he tied his panties in a knot over faux compassion for the pitiful paperwork plight of his fellow citizens.

Must be a slow day for outrage, but he'll find some. Can't live without it, apparently.
Click to expand...
The OP is reporting to us what he is being trained to expect on our tax forms. This isn't any fluff, or anything up for debate, really.

This is what your Federal 1040 tax form is going to ask.

-John
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top