Form 8865 is filed with your US tax return if you own 10% or more of a foreign partnership or foreign flow through LLC
One can also just pay the penalty (if you choose).
It will come out of a refund, it can not be forced to be paid with the regular taxes if you owe.
Lol, for the next two minutes as I fill out this form, I am Amish.
It is not that easy. Check the form I linked. The form is a chance to get a special code to put on your return. Also it makes subtle mention that they investigate the claims and you are in deep doo doo if they catch you in a lie.
So lying on your tax return can save you money? And that wasn't possible before Obamacare? Wow!Lol, for the next two minutes as I fill out this form, I am Amish.
Folks, first reply of this thread says you must own 10% or more of an LLC or partnership in order for this for to apply to your taxes. If I'm understanding correctly, anyone that does this is going to get audited and get their ass paying the penalty.... and more for trying to lie.
Ah thanks for the correction.OP referenced the wrong form, it was actually 8965...he just never corrected it
Folks, first reply of this thread says you must own 10% or more of an LLC or partnership in order for this for to apply to your taxes. If I'm understanding correctly, anyone that does this is going to get audited and get their ass paying the penalty.... and more for trying to lie.
Happy Refund Season!
uke
The Amish pay for their medical treatment. On average they tend to use less services but their community pays for it and while they do not have commercial insurance there are community funds which amount to insurance with a cash pool being in place.
Soooo basically no one is going to be paying their tax penalties? Great, just fuckin' great.
I guess that was secretly intended... FREE HEALTH CARE FOR ALL!!!
So she was commie?Amish don't focus on personal wealth like we do. All of their money goes to the church which then takes care of the community. My great aunt would make really nice quilts that were sold at Shipshewana. These were really expensive, hand made, expensive quilts. She kept no money, just bought more supplies and the rest went to the church.
You're such a tard it hurts. The policies suck balls.I said it before and I'll say it again.
Just buy the damn insurance.
It's a win win win win.
Win, no tax penalty.
Win, healthcare insurance.
Win, I'll won't have to pay your ER bill.
Win, no bankruptcy court.
If you can prove you are indeed the true Superman, deflecting bullets, bending steal, out running locomotives, then maybe you don't need heath insurance.
And for the non supermen out there and refusal to believe anything bad can happen to me, I say famous last words.
And hopefully, not your last words bleeding in some ER.
I said it before and I'll say it again.
Just buy the damn insurance.
It's a win win win win.
Win, no tax penalty.
Win, healthcare insurance.
Win, I'll won't have to pay your ER bill.
Win, no bankruptcy court.
If you can prove you are indeed the true Superman, deflecting bullets, bending steal, out running locomotives, then maybe you don't need heath insurance.
And for the non supermen out there and refusal to believe anything bad can happen to me, I say famous last words.
And hopefully, not your last words bleeding in some ER.