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Wednesday, October 7, 2009

IRS Mishandles Stimulus, Prepares for Health Care

As pointed out here first, the Democratic health care restructuring plans put the IRS in the forefront of health care mandate enforcement (the Democratic HELP Committee version even gives the IRS the ability to set mandate tax rates -- why is no one talking about this?).

So now, via the TaxProf Blog, another story that will get your heart racing to have the IRS involved in our health care system:

The Treasury Inspector General for Tax Administration yesterday released Evaluation of the Planning, Computation, and Issuance of the Recovery Rebate Credit (2009-40-129), reporting that:

  • The IRS issued more than $96 billion in advanced economic stimulus payments (up to $1,2000 for married couples filing jointly) to more than 119 million taxpayers in Calendar Year 2008 and approximately $8.5 billion in payments to almost 21 million taxpayers as of April 17, 2009.
  • 259,000 taxpayers did not receive $84.6 million in payments due to various IRS errors.
  • 141,000 taxpayers received $60.6 million in payments for which they were ineligible due to various IRS errors.
Related Posts:
IRS The New Health Care Enforcer
Taxing Your Mere Existence
Health Care Tax Insanity Chronicles, Part 3 (IRS To Decide Amount of Taxation)

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