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Can i just check off on my 1040 TAX i have insurance even…

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can i just check off...
can i just check off on my 1040 TAX i have insurance even though i dont have any?
Submitted: 2 years ago.Category: Tax
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Answered in 1 minute by:
1/31/2016
Tax Professional: Megan C, Certified Public Accountant (CPA) replied 2 years ago
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,608
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified

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.

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Megan C
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