Lee B Posted April 25, 2019 Report Share Posted April 25, 2019 (edited) New instructions and publications on IRS.gov Instructions: Inst 2210, Instructions for Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts Publications: Pub 505, Tax Withholding and Estimated Tax Pub 5303, Paycheck Checkup Pub 5303 (SP), Paycheck Checkup (Spanish Version) Edited April 25, 2019 by jklcpa removed one Pub and its link Quote Link to comment Share on other sites More sharing options...
Christian Posted April 25, 2019 Report Share Posted April 25, 2019 Someone correct me if I am wrong please. The individual mandate under the ACA is abolished and the shared responsibility payment (penalty tax) as well beginning with TY 2019. Quote Link to comment Share on other sites More sharing options...
Lee B Posted April 25, 2019 Author Report Share Posted April 25, 2019 Judy, could you take down my post. The IRS link for Pub 5187 takes you to the 2018 version, which talks about the SRP requirements, which no longer is in effect as of January 1st 2019. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted April 25, 2019 Report Share Posted April 25, 2019 1 hour ago, Christian said: Someone correct me if I am wrong please. The individual mandate under the ACA is abolished and the shared responsibility payment (penalty tax) as well beginning with TY 2019. 53 minutes ago, cbslee said: Judy, could you take down my post. The IRS link for Pub 5187 takes you to the 2018 version, which talks about the SRP requirements, which no longer is in effect as of January 1st 2019. I removed the link and mention of Pub 5187 and left the rest of the post intact. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted April 25, 2019 Report Share Posted April 25, 2019 The individual mandate still exists BUT the penalty is set to zero for 2019, so there's no penalty for not having minimum coverage. 1 Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted April 26, 2019 Report Share Posted April 26, 2019 23 hours ago, Abby Normal said: The individual mandate still exists BUT the penalty is set to zero for 2019, so there's no penalty for not having minimum coverage. CORRECT Quote Link to comment Share on other sites More sharing options...
Christian Posted April 28, 2019 Report Share Posted April 28, 2019 With no financial penalty what are they going to do wag their finger ? 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted April 29, 2019 Report Share Posted April 29, 2019 16 hours ago, Christian said: With no financial penalty what are they going to do wag their finger ? I heard it was going to be clicking their tongue while moving their head slowly from side to side, followed by a sigh. 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.