User Avatar

By Ryan Kennelly

August 2, 2016

Topics:

  • Individual & Family Health Insurance
BACK TO BLOG

What Happens If I Owe a Penalty for Not Having Insurance, But I Cannot Afford to Make the Payment When Filing my Tax Return?

August 2, 2016

  • Individual & Family Health Insurance

The IRS routinely works with taxpayers who owe amounts they cannot afford to pay. The law prohibits the IRS from using liens or levies to collect any individual shared responsibility payment. However, if you owe a shared responsibility payment, the IRS may offset that liability against any tax refund that may be due to you.

Want to Join Independent
Health Agents?

We’d be happy to have your join our team of independent agents.

JOIN NOW