Get the free I S S U E 5 0 5 WASHINGTON SOUND MAY 2015 - washingtonunit wbcci

WASHINGTON SOUND Washington Unit #112, WB CCI ISSUE #505 M A 2 0 1 5 www.washingtonunitwbcci.org President: Larry Altar 3604137539 kd7tqw yahoo.com 1st V Pres: Norm Ball 4253147184 field gmail.com

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What is i s s u?

i s s u stands for Individual Shared Responsibility Payment, which is a tax penalty imposed on individuals who do not have qualifying health coverage.

Who is required to file i s s u?

Individuals who do not have qualifying health coverage and do not qualify for an exemption must file i s s u.

How to fill out i s s u?

The i s s u form can be filled out and submitted through the tax filing process, typically using Form 8965.

What is the purpose of i s s u?

The purpose of i s s u is to encourage individuals to obtain health insurance coverage and to help fund the Affordable Care Act.

What information must be reported on i s s u?

Information such as the individual's name, Social Security number, exemptions claimed, and payment amount must be reported on i s s u.

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