New IRS tax form for the ACA

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Asia > Philippines Expat Forum

Philippines Expat Forum The Philippines Expats Forum is dedicated those individuals that have chosen to make Philippines their new home. This forum is an ideal place for Expats now living in Philippines to meet and discuss all aspects to their new way of life.

Like Tree1Likes
  • 1 Post By mrbobo

New IRS tax form for the ACA

Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 21st December 2014, 07:51 AM
New Member
Join Date: Dec 2014
Location: Nueva Vizcaya
Posts: 44
Rep Power: 94
mrbobo is a jewel in the roughmrbobo is a jewel in the roughmrbobo is a jewel in the roughmrbobo is a jewel in the rough
47 likes received
6 likes given

Users Flag! Originally from usa. Users Flag! Expat in philippines.
Default New IRS tax form for the ACA

I found the IRS drafts for the 8965 (Health Coverage Exemptions) and the form with the instructions for form 8965. It looks like all expats that want to be exempt from the Affordable Care Act penalty via bona fide residency in the Philippines or the 330 physical presence test have to file the 8965. From what I have read if you do not qualify for the Foreign Earned Income Exclusion like me (retired, not on Medicare, collecting a pension and social security) you must fill out the form and file it with your 1040, 1040a, etc. It looks like it's just a matter of using exemption code "C". The "C" means that you meet the 330 physical presence test or are a bona fide resident of the Philippines. Be aware that these are just IRS drafts and I am no tax professional. I just want to give everyone a heads up that the Affordable Care Act requires more tax headaches for us in 2015.

Here are the links:
Asian Spirit likes this.

Reply With Quote Quick reply to this message

Quick Reply

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
IRS Form 1116 chammer Expat Tax 4 12th September 2014 08:31 AM
Confused about IRS form 1116 and the Foreign Tax Credit erinh Expat Tax 4 11th February 2014 11:35 AM
Renouncing Citizenship Form 8854 for IRS - Wealth Exit Tax Application dann Expat Tax 3 17th October 2012 12:57 PM
irs form 3520 Jibbarra Mexico Expat Forum for Expats Living in Mexico 0 7th August 2011 04:32 PM
Departure Form - IRS joi2009 France Expat Forum for Expats Living in France 1 16th May 2011 08:22 PM

FORUM PARTNERS is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides

All times are GMT. The time now is 04:17 PM.

Powered by vBulletin®
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.