missed health insurance . alterates other than fine to IRS??

[MRI]

14 hours ago, krishna0125 said:

not 200 or 300, For 2016, the fee is $695 or 2.5% of your income — whichever is higher. Maximum $2,085

 

14 hours ago, jijang_bijang said:

500

how aha how?

[Chamak_Chandra]

.

[bhaigan]

17 hours ago, ICANWIN said:

GP. Just curious ..how do they know we  have or don't have health insurance? How do they calculate fine ? We do not claim as expense if we are paying insurance even with employer so fine deniki pay cheyali if we dont have insurance? can we claim for  health insurance if we are paying ? i never did 

 

17 hours ago, Merabharathmahan said:

1095-B and 1095-C forms generate chestunnaru kada insurance vadu and employer for health insurance. So IRS can find with this. SSN is linked to health insurance too

 

[samaja_varagamana]

naku kuda pagilindi aythe bill ochaka cheptha masteru 

[RULER]

Trump already signed executive order -  it's not mandatory to mention your insurance on your tax form. So don't mention about your insurance .

[RULER]

https://ttlc.intuit.com/questions/3670128-how-can-i-leave-line-61-blank

[sivanadha]

5 hours ago, Brahmasmi said:

Na experience cheptunna bhayya, naku last year only 3 months e unde insurance. Itemize chesa e year ma CPA gadu em cheppadu ante poyedi em ledu neeku, Undi ani cheppi file cheddam audit ki vaste fine kadthav,rakapothe manchidi kada ani annadu.

 

Ala chaala mandini chusa bhayya lekunna unna ani cheppatam, kani manam itemize chese appudu jagrathaga kakkurthi padakunda takku claim cheskovali audit ki rakunda.

Bhayya ,audit lo fine ante eppudu kattalsina penalty amount ee na leka enka ekkuva vundachha .

[Brahmasmi]

5 hours ago, sivanadha said:

Bhayya ,audit lo fine ante eppudu kattalsina penalty amount ee na leka enka ekkuva vundachha .

Fine extra undadu

[8OY]

23 hours ago, sattipandu said:

as per obama care in effect for 2016

The fee for not having health insurance in 2016 & 2017

The fee is calculated 2 different ways – as a percentage of your household income, and per person. You’ll pay whichever is higher.

Percentage of income

• 2.5% of household income
• Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

Per person

• $695 per adult
• $347.50 per child under 18
• Maximum: $2,085

 

 

• If you have coverage for part of the year, the fee is 1/12 of the annual amount for each month you (or your tax dependents) don’t have coverage. If you’re uncovered only 1 or 2 months, you don’t have to pay the fee at all. Learn about the “short gap” exemption.
• If you believe you qualify for short gap exemption, download Form 8965 and instructions and file tax returns including them.
• You pay the fee when you file your federal tax return for the year you don’t have coverage.

 

 

Maa drinks buddy okathanu Jan 2016 and Dec 2016 lo wfh chesaadu india nunchi , fte kaadu so elaguu US lo lenu kada ani insurance terminate chesaadu malla vachaka resume cheskovachu ani

taxes appudu evaroo ilaa ine gurinchi chebthey thega research chesaadu, last ki H&R block odu em parley u will not be paying taxes 

u are eligible for short gap exemption as u were not inside the country ani fine lekunda chesaadu

cheppochedhi entante  US lo undi kooda 2 max 2 months health insurance lekunda undochu and still not have to pay fine

fine lekunda cheyatam kaadu.. asalu country lekunte no fine. manaki options unayi andulo select chesukovali.. enduku induarance tisukoledu ante.. daniki answer i'm not present in the country for more than so and so days ani untundi.. dani vallana fine emi undadu. 

[khabardar]

 i paid penalty while filing taxes for 4 months missing payment in turbotax  .. insurence vaddu edo 1095-x form papadu... proof ki ee year nev enni months pay cheavu ani kani.. turbtax vaddu ah form ekkada adugadam ledu.. do we need to upload it?