Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Sunday, July 25, 2010

IRS Health care powers

The Wall Street Journal recently wrote an article covering the new things that the IRS can do connected with health care:
Ms. Olson also exposed a damaging provision that she estimates will hit some 30 million sole proprietorships and subchapter S corporations, two million farms and one million charities and other tax-exempt organizations. Prior to ObamaCare, businesses only had to tell the IRS the value of services they purchase. But starting in 2013 they will also have to report the value of goods they buy from a single vendor that total more than $600 annually—including office supplies and the like.

But... I thought that was debunked by the left, when they said that the IRS would not be involved...?