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RECEIVING A TAX REFUND? - DON'T BE SO SURE!!!
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Apr 13, 2014 09:04:17   #
Tradition Loc: Staten Island, N.Y.
 
http://www.washingtonpost.com/politics/social-security-treasury-target-hundreds-of-thousands-of-taxpayers-for-parents-old-debts/2014/04/10/74ac8eae-bf4d-11e3-bcec-b71ee10e9bc3_story.html

If you are expecting a tax refund you may be very disappointed. It seems that if your parents owed the government monies, even decades in the past, your refund will be confiscated, even without proof from the government. Check out the link noted. That 10 year limit has disappeared.

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Apr 13, 2014 09:13:01   #
lpnmajor Loc: Arkansas
 
Tradition wrote:
http://www.washingtonpost.com/politics/social-security-treasury-target-hundreds-of-thousands-of-taxpayers-for-parents-old-debts/2014/04/10/74ac8eae-bf4d-11e3-bcec-b71ee10e9bc3_story.html

If you are expecting a tax refund you may be very disappointed. It seems that if your parents owed the government monies, even decades in the past, your refund will be confiscated, even without proof from the government. Check out the link noted. That 10 year limit has disappeared.


Yeah, thanks to a sentence in the farm bill, that no one but staffers read. I always sign shit without reading it, why shouldn't my Representatives? :roll:

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Apr 13, 2014 09:41:11   #
Patty
 
Thanks Tradition. This is not the only plan for estate and asset confiscation they have. Many families will be left homeless due to this little fine print loop hole.
"Here’s why dropping the asset test got the BINGO – Estate Recovery! You won’t find the following info in the ACA. It’s in the Omnibus Reconciliation Act of 1993 (OBRA 1993) – a federal statute which applies to Medicaid, and, if you are enrolled in Medicaid, it will apply to you depending on your age.

a) OBRA 1993 requires all states that receive Medicaid funding to seek recovery from the estates of deceased individuals who used Medicaid benefits at age 55 or older. It allows recovery for any items or services under the state Medicaid plan going beyond nursing homes and other long-term care institutions. In fact, The Centers for Medicare & Medicaid Services (CMS) site says that states have the option of recovering payments for all Medicaid services provided. The Department of Health and Human Services (HHS) site says at state option, recovery can be pursued for any items covered by the Medicaid state plan.

b) The HHS site has an overview of the Medicaid estate recovery mandate which also says that at a minimum, states must pursue recoveries from the “probate estate,” which includes property that passes to the heirs under state probate law, but states can expand the definition of estate to allow recovery from property that bypasses probate. This means states can use procedures for direct recovery from bank accounts and other funds.

c) Some states use recovery for RX and hospital only as required by OBRA 1993; some recover for a few additional benefits and some recover for all benefits under the state plan. Recovery provides revenue for cash-strapped states and it’s a big business.

Your estate is what you own when you die – your home and what’s in it, other real estate you may own, your bank account, annuities and so on. And even if you have a will, your heirs are chopped liver. Low-income people often have only one major asset – the home in which they live and, in some cases, this has been the family home through several generations.

So what this boils down to is: if you are put into Medicaid – congratulations – you just got a mandated collateral loan if you use Medicaid benefits at age 55 or older! States keep a running tally.

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Apr 13, 2014 09:43:57   #
son of witless
 
Notice how no one person can be held accountable for this travesty. It's the way our government works, on purpose. They say the intelligence community is very good at it.

The Obamaites use it more than any previous Administration. No one changed the Benghazi talking points. A committee did it. Same with the IRS scandal. Ultimately Barry is in charge. Anything goes right, he did it. He personally shot Osama in the head. Something goes wrong, we'll investigate and never get back to you.

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Apr 13, 2014 11:13:31   #
JimMe
 
Tradition wrote:
http://www.washingtonpost.com/politics/social-security-treasury-target-hundreds-of-thousands-of-taxpayers-for-parents-old-debts/2014/04/10/74ac8eae-bf4d-11e3-bcec-b71ee10e9bc3_story.html

If you are expecting a tax refund you may be very disappointed. It seems that if your parents owed the government monies, even decades in the past, your refund will be confiscated, even without proof from the government. Check out the link noted. That 10 year limit has disappeared.


The Obama Administration Has Gone Stark Raving Criminal... We MUST CONTACT OUR CONGRESSFOLK & THE SUPREME COURT & TELL THEM THEY MUST STOP THE IRS'S ASSAULT ADMINISTERED BY THE PRESIDENT'S PEOPLE N-O-W-!!!

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Apr 13, 2014 12:06:34   #
Terry Allan Hall Loc: Republic O' Tejas
 
Maybe y'all should've picked HONEST parents and Grandparents...mine never cheated on their taxes, so I'm not worried. :idea:

BTW, were they Republicans, too?

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Apr 13, 2014 12:26:46   #
bmac32 Loc: West Florida
 
Picked?

Terry Allan Hall wrote:
Maybe y'all should've picked HONEST parents and Grandparents...mine never cheated on their taxes, so I'm not worried. :idea:

BTW, were they Republicans, too?


:-(

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Apr 13, 2014 12:53:03   #
Patty
 
Terry's ancestors knew who would be in their family tree. They only had a couple brothers, sisters and first cousins to pick from.
bmac32 wrote:
Picked?



:-(

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Apr 13, 2014 12:57:44   #
Augustus Greatorex Loc: NE
 
Terry Allan Hall wrote:
Maybe y'all should've picked HONEST parents and Grandparents...mine never cheated on their taxes, so I'm not worried. :idea:

BTW, were they Republicans, too?


Your parents were like Tom Daschle? Timothy Geitner?

How would you know, if the IRS thinks they cheated on their taxes? Are you in possession of all financial information (including verbal agreements) possessed by your parents?

I very much doubt your claim. You may not be worried about such reclamations, but not for the reason you have stated.

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Apr 13, 2014 12:58:55   #
cesspool jones Loc: atlanta
 
JimMe wrote:
The Obama Administration Has Gone Stark Raving Criminal... We MUST CONTACT OUR CONGRESSFOLK & THE SUPREME COURT & TELL THEM THEY MUST STOP THE IRS'S ASSAULT ADMINISTERED BY THE PRESIDENT'S PEOPLE N-O-W-!!!

the 'supreme court' seems to have lost their way with the average american so i wouldn't count on them for anything 'american' anymore. this will wind up in the streets.

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Apr 13, 2014 13:07:38   #
Augustus Greatorex Loc: NE
 
Tradition wrote:
http://www.washingtonpost.com/politics/social-security-treasury-target-hundreds-of-thousands-of-taxpayers-for-parents-old-debts/2014/04/10/74ac8eae-bf4d-11e3-bcec-b71ee10e9bc3_story.html

If you are expecting a tax refund you may be very disappointed. It seems that if your parents owed the government monies, even decades in the past, your refund will be confiscated, even without proof from the government. Check out the link noted. That 10 year limit has disappeared.


Isn't odd an underpayment of Social Security benefits can only be corrected if the complaint is originally filled no more than three years after the first payment or date payments should have begun, whichever is earlier?

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Apr 13, 2014 15:14:52   #
Tradition Loc: Staten Island, N.Y.
 
Terry Allan Hall wrote:
Maybe y'all should've picked HONEST parents and Grandparents...mine never cheated on their taxes, so I'm not worried. :idea:

BTW, were they Republicans, too?




Some of these so-called “debts” have been incurred via
OVERPAYMENTS OF SOCIAL SECURITY BENEFITS - THE PRODUCT OF SSA'S OWN ERRORS!!! The parents who received them might not have even realized they were getting money they weren’t supposed to have. And now, somehow, it has become the child's problem.

The culprit: A single sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam. The Treasury Department has intercepted $1.9 billion in tax refunds already this year — $75 million of that on debts delinquent for MORE THAN 10 YEARS.

It’s a SHAKEDOWN, based on the flawed assumption that a child not only must have benefited from the overpayment to his parent but that he/she received the entirety of the benefit, WITH LITTLE PROOF OFFERED THAT THE DEBT EVEN EXISTS!! (One man who was forced to pay demanded a receipt from SSA affirming that his balance was now zero. The SSA clerk told him he’d put in the request but that the man shouldn’t expect to receive anything.)

Nice, right? Though parents MAY NOT HAVE EVEN KNOWN they were receiving too much money, the children have to pay whatever the government dictates, with the almost non-existent prospect of receiving any proof. They are so presumptuous, that they are counting on citizen capitulation because of the expectation that they wouldn't fight back due to the exorbitant cost of litigation vs. their payment of what is allegedly owed. Where the heck is all that transparency we were promised?

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Apr 13, 2014 17:06:53   #
Terry Allan Hall Loc: Republic O' Tejas
 
bmac32 wrote:
Picked?

:-(


Guess that went over your pointy little head, bmac32... :lol:

Patty wrote:
Terry's ancestors knew who would be in their family tree. They only had a couple brothers, sisters and first cousins to pick from.


Well, not exactly true, but that's typical for you...we knew to only marry people of quality...

Your family tree, otoh, obviously had no branches at all, though...so please don't ever get bred, Patty. ;)
Augustus Greatorex wrote:
Your parents were like Tom Daschle? Timothy Geitner?

How would you know, if the IRS thinks they cheated on their taxes? Are you in possession of all financial information (including verbal agreements) possessed by your parents?

I very much doubt your claim. You may not be worried about such reclamations, but not for the reason you have stated.


No, I come from a long line of Americans who understood why we pay taxes, and felt it both to our duty and an honor to do so.

Possibly you came from the sort of bloodlines that create Patty's and bmac32s and that banjo player in Deliverance...

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Apr 13, 2014 17:27:12   #
Patty
 
Put the jug down and listen. I am past "breeding" age and down here outside of your mountain community we call it "reproduction".

Terry Allan Hall wrote:
No, I come from a long line of Americans who understood why we pay taxes, and felt it both to our duty and an honor to do so.

Possibly you came from the sort of bloodlines that create Patty's and bmac32s and that banjo player in Deliverance...

Reply
Apr 13, 2014 17:33:07   #
Terry Allan Hall Loc: Republic O' Tejas
 
Patty wrote:
Put the jug down and listen. I am past "breeding" age and down here outside of your mountain community we call it "reproduction".


Reproduction, breeding, same difference with cattle and other livestock, Patty. Quality stock comes from quality ancestry, mongrels (not to name names ;-)) come from indiscriminate "coupling" of just any sort.

And, again, thanks for not corrupting the gene pool any worst than it already is. 8-)

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