Automated Tax Credit - Tax Debt Resolution

Glossary

Form 8865 – Return of U.S. Persons With Respect to Certain Foreign Partnerships

Form 8865 is an IRS form used by U.S. taxpayers who have an interest in a foreign partnership. It helps the IRS track income, deductions, and credits from these partnerships.

Form 8965 – Health Coverage Exemptions

Form 8965, *Health Coverage Exemptions*, is used to claim an exemption from the requirement to have health insurance under the Affordable Care Act (ACA). If you didn't have coverage and qualify for an exemption, you might need this form.

Form 8962 – Premium Tax Credit (PTC)

Form 8962 is used to reconcile the amount of Premium Tax Credit (PTC) you received during the year with the actual credit you're eligible for based on your income. This form helps ensure you receive the correct amount of financial assistance for your healthcare.

Form 1095-B – Health Coverage

Form 1095-B is a tax document that proves you had health insurance coverage during the tax year. It's essential for ensuring you comply with healthcare laws and avoid potential penalties.