Monday, February 14, 2011

Rhoads: Behold the 1099-Romney

Jared Rhoads of the Lucidicus Project explains what sort of additional paperwork he has to file at tax time because of the Massachusetts individual mandate.

Here is the introduction of his post, "Behold the 1099-Romney":

1099-Romney from Aetna

It's tax preparation time again. Among other things, that means gathering up the W-2s, the brokerage statements for Schedule D, the receipts from charitable organizations to which I donated, and the 1099-DIV I received for earning four dollars in bank interest last year.

Letter accompanying the 1099-RomneyAm I forgetting anything? I'll give you a hint: I live in Massachusetts.

That's right, I need my 1099-HC.

For the uninitiated living in the 49 less "progressive" states, the 1099-HC is the form needed by each Massachusetts resident in order to prove to the government that he had continuous health insurance throughout the prior taxable year. The "HC" in the name of the form stands for either "health care" or "health coverage." I'm not sure which it is; I just call it the 1099-Romney...

(Read the full text of "Behold the 1099-Romney".)

Unless ObamaCare is repealed (or struck down by the U.S. Supreme Court), Americans in the other 49 states will soon experience something similar -- enforced by the ever-reasonable bureaucrats of the IRS.