Shifty-Eyed Surprise

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  • Bees Knees
    Senior Member
    • May 2005
    • 5456
    #16
    Originally posted by Gene V
    My calculation for penalty is $237 per software not $195

    just wondering if my software is accurate
    Sorry. I wasn't using software. I just took the amount that exceeded the filing threshold and multiplied that by 1%. But the actual calculation is the greater of 1% of the amount that exceeds the filing threshold, OR $95 times the number of individuals without insurance, with children counting as one half a person without insurance. So 1 adult plus 3 kids equals 95 + 47.50 + 47.50 + 47.50 = 237.50. Since 237.50 is greater than 195, the penalty is 237.50.

    Still about the same as what the welfare queen charged for him to use her kids SSN on his return.

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      • ATSMAN
        Senior Member
        • Jul 2013
        • 2415
        #17
        Excellent point about qualifying child vs. qualifying relative!

        My client won that battle when his ex-girlfriend's aunt claimed his child because she was the landlady of the house these people were staying "rent free". Supposedly a chain store preparer advised this woman that she could claim the child because she had more income, provided a place to live etc.!
        Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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