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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16576
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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Can i just check off on my 1040 TAX i have insurance even

Customer Question

can i just check off on my 1040 TAX i have insurance even though i dont have any?
Submitted: 1 year ago.
Category: Tax
Expert:  Megan C replied 1 year ago.

Thank you for your question,

This is essentially being dishonest on your tax return. The IRS gets information from the health insurance companies as to who they cover --- so in doing this you will eventually get caught -- although it may be a couple years down the road. In that event, you will owe the penalty, plus interest.

I would not ever advise a taxpayer to be dishonest on their tax return (and neither would any other ethical preparer)

Please let me know if you need anything additional. If not, please rate positive.