IRS "endorses" my redemption
W-2 worker here, single, over 55, no dependents.....I have had returned to me all of my FIT withholdings by demanding lawful money over the course of the full fiscal year.
BUT this past year, I took 2 grandkids (6 & 10) in for more than half the year, so filing status changed to "head of household w/ 2 dependents".
Long story short -- I get a CP12R with the IRS's proposed changes --> low & behold, here's this table of proposed changes on pg 3 which starts out as such:
Quote:
| Description |
Your calculations |
IRS calculations |
| Adjusted gross income, Line 37 |
$0.00 |
$0.00 |
| Taxable income, Line 43 |
0.00 |
0.00 |
| Total tax, Line 63 |
$0.00 |
$0.00 |
Looky right there.....in the right hand column --> IRS CALCULATIONS.......3 TIMES --> ZERO AGI....ZERO TAXABLE INCOME.....ZERO TOTAL TAX......right there on their CP12 form
I'd say that's some solid confirmation IRS agrees with my 1st hand testimony on their Form 1040 I used.....and that the IRS recognizes redemption.
One very nice thing I like about redemption is that you completely avoid the Obamacare penalty for lack of being a policy holder of qualified health insurance (I have my Father YHWH's assurance)......which would have been about 650 this year.......and I think more than doubles for this coming 2016FY. Just make sure form 8965 gets 7a-Yes & 7b-No checked and included w/ your 1040.
