Expat taxes And the ACA

Just a quick note for US expatriates who are preparing your taxes by April 15.

I ran across this article on the Wall Street Journal. In particular, it had this helpful note:

• For the first time this year, American expats should attach a completed Form 8965 to their 1040, which indicates to the IRS that you benefit from “deemed covered” status by a foreign health plan and thus do not need to participate in a U.S. plan, as set out under the new Affordable Care Act. If you don’t attach this form you could be subject to a $600 penalty for not having U.S. health coverage.

Just fyi.