Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-02-2015, 01:19 AM
Junior Member
 
Join Date: Apr 2015
Posts: 1
Unusual income circumstances

I have an unusual situation and was wondering if anyone can give me advice. I'm not sure which forum to post in.

I am married to a non U.S. citizen who is not required to file taxes. He lives overseas. I recently moved to the U.S. He gives me monthly amounts to pay for living expenses for me and my children.

I need to qualify for insurance through the affordable care act because I can't afford the higher prices but am required to file a tax report with income.

When I file my taxes is there any way to list the payments my husband sends me as income?

Thanks!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-02-2015, 06:34 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by zaghy View Post
I have an unusual situation and was wondering if anyone can give me advice. I'm not sure which forum to post in.

I am married to a non U.S. citizen who is not required to file taxes. He lives overseas. I recently moved to the U.S. He gives me monthly amounts to pay for living expenses for me and my children.

I need to qualify for insurance through the affordable care act because I can't afford the higher prices but am required to file a tax report with income.

When I file my taxes is there any way to list the payments my husband sends me as income?

Thanks!
I need to qualify for insurance through the affordable care act because I can't afford the higher prices but am required to file a tax report with income.========>>>>>>>>>I guess it depends; f you stil want the coverage then yes you can go aheas and get some coverage , however, Obamacare expands Medicaid to many low-income adults, including adults without dependent children. However, more than two dozen states have chosen not to expand Medicaid under the law or are still debating the matter. In states that expanded Medicaid, you may qualify for Medicaid as a single individual if you earn less than about $16k a year, while other family sizes can qualify at higher incomes. In states that did not expand, you may have few or no options for affordable coverage. In that case, you will not have to pay a penalty for not having coverage.

When I file my taxes is there any way to list the payments my husband sends me as income?=======>>I assume that your husband is also a US resident as he agrees
to be taxed like a resident alien and you guys file return as MFJ. Then, both you and he needs to report your US source and world wide income to IRS/ state. Aslongas he pays tax to his country and sends the after tax dollars to you, then you do not need to pay US taxes on the money; instead , you claim foreign tax credit on 1040 line 47 by filing form 1116 or claim tax deduction on Sch A of 1040 line 8 to avoid double taxation. If he files his return as MFS and sends money to you form abroad, you may treat it as money and do not need to report it on your return as a recipient; you do not need to pay tax o your gift money; however aslongas the amount exceeds $100K per year then you must file info return of form 3520 with the IRS.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Unusual Circumstances, 2014 Taxes 0op3rdp For 2014 1 01-28-2015 11:43 AM
What are the circumstances that would lead the IRS to consider a taxpayer's behaviour to indicate fraud? TaxGuru General 0 01-31-2012 03:15 PM
Under what circumstances will income for personal services performed in the United States as a nonresident alien is not considered to be from U.S. sources and is not subject to U.S. taxation? TaxGuru Miscellaneous 0 11-17-2011 09:43 PM
Can I take a home office deduction under the following circumstances? DFKurz Sole-Proprietorship 0 02-06-2010 12:55 PM
Under what circumstances will the Government cancel an Educational Loan? TaxGuru Education Planning 0 06-30-2009 07:38 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.