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Bloomberg Tax & Accounting to Showcase Suite of Solutions at 2023 TEI Annual Conference
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money that may be going back to folks if they overpaid their taxes. how do you see that working? that s right. that s one enforcement mechanism they have at their disposal in this circumstance where they can garage issue people overpaying their taxes that refund they would get but some of the other typical enforcement mechanisms that they use like, you know, tax lens and garnishing wages aren t available through them the way aca is written. not only gretchen are they in charge of figuring out what people s penalties are they have to figure out already people are in compliance in the first place, whether or not they need to be penalized, whether or not they are exhe wanted which is the hhs department s purview. so we ll see if they can coordinate properly. there s another element the irs is responsible for which is paying trillions of dollars in subsidies to the insurers. that s their job. as we found out in testimony