IRS 8965 2014 free printable template

Form8965OMB No. 15450074Health Coverage ExemptionsDepartment of the Treasury Internal Revenue Service2017 Attach to Form 1040, Form 1040A, or Form 1040EZ. Go to www.irs.gov/Form8965 for instructions

Instructions and Help about IRS 8965

How to edit IRS 8965

How to fill out IRS 8965

Instructions and Help about IRS 8965

How to edit IRS 8965

Editing IRS Form 8965 can be straightforward when using the right tools. You can use pdfFiller to make necessary changes easily. Simply upload the form, make your edits, and save the updated copy.

How to fill out IRS 8965

Filling out IRS Form 8965 requires accurate personal and health coverage information. Ensure you have all required documents before starting. Follow these steps:

1. Gather your personal identification details (SSN, address).
2. Collect documents related to health insurance coverage.
3. Fill in the necessary information in each applicable section of the form.

About IRS 8 previous version

What is IRS 8965?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS 8 previous version

What is IRS 8965?

IRS Form 8965 is an application used to determine eligibility for an exemption from the Affordable Care Act’s individual mandate. This form is particularly relevant for tax years when the mandate was in effect, mainly influencing tax filings for certain years between 2014 and 2019.

What is the purpose of this form?

The purpose of Form 8965 is to certify that you qualified for a health coverage exemption. This could include cases like having low coverage months or being a member of certain groups exempt from the mandate.

Who needs the form?

Tax filers who did not have qualifying health coverage for all months of the tax year and are seeking an exemption must file Form 8965. Additionally, those claiming dependents may also need to submit this form.

When am I exempt from filling out this form?

You may be exempt from filing Form 8965 if you had health coverage for the entire year or if you fall under specific categories such as financial hardship or membership in recognized groups. Always check the current tax guidelines for updates.

Components of the form

IRS Form 8965 consists of several parts, including personal information and details regarding your health coverage status. It contains sections where you explain your exemption and provide supporting details, such as the start and end dates of your coverage.

What are the penalties for not issuing the form?

If you are required to file Form 8965 and fail to do so, you may face penalties. The IRS could impose a shared responsibility payment, which could significantly impact your tax return. It's essential to complete this form accurately to avoid potential issues.

What information do you need when you file the form?

When filing Form 8965, you will need the following information:

1. Your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
2. Details of health coverage status (policy numbers, coverage months).
3. Supporting documents proving your exemption, if applicable.

Is the form accompanied by other forms?

Typically, Form 8965 may accompany your main tax return form, such as Form 1040. Ensure that you check accompanying instructions to verify any additional forms required based on your tax situation.

Where do I send the form?

IRS Form 8965 should be submitted along with your individual income tax return to the designated address outlined in the IRS instructions for your tax return. Ensure you are sending it to the correct address based on your filing method (e-file or paper).

FAQ about IRS 8965

What should I do if I discover an error in my submitted IRS 8965?

If you find an error after filing your IRS 8965, you should prepare an amended return. This involves filing a corrected version of the form and clearly indicating the changes made. It’s essential to retain records of both the original and amended versions for your files.

How can I verify that my IRS 8965 has been received and is being processed?

To verify the status of your IRS 8965, you can check the IRS e-file status tool online. If you filed by mail, you might consider contacting the IRS directly, as they can provide the latest information on processing times and confirm receipt of your form.

Are there specific privacy concerns I should be aware of when filing IRS 8965?

Yes, when filing IRS 8965, it's crucial to protect your personal information. Ensure that you use secure methods while submitting your form, especially when e-filing. Moreover, understand the IRS’s guidelines on data retention and privacy to safeguard your sensitive information.

What common mistakes should I avoid when completing my IRS 8965?

Common mistakes include failing to check for the latest updates regarding income guidelines and eligibility for exemptions. Additionally, ensure that all provided information is accurate and consistent, as discrepancies can lead to processing delays or rejection of your application.