Form F 01306 PDF Details

Form F 01306 is a form that can be completed by U.S. citizens who have renounced their citizenship with the intention of becoming a permanent resident of another country. The form is used to report the individual's income and asset information for the year in which he or she renounced their citizenship. The information reported on this form may be used by the IRS to determine whether the individual meets the tax requirements for residency in another country. completing and submitting this form is required in order to maintain your lawful permanent resident status. This form can be daunting, but don't worry, we're here to help. In this post, we'll explain what you need to know in order to complete Form F 01306 accurately. We'll also provide some tips on how to reduce your tax liability as a permanent resident of another country. So, let's get started!

QuestionAnswer
Form NameForm F 01306
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesSUBTRACT, Remedial, SPOUSAL, Premiums

Form Preview Example

DEPARTMENT OF HEALTH SERVICES

 

 

 

State of Wisconsin

Division of Health Care Access and Accountability

 

 

 

Worksheet 07

F-01306 (07/14)

 

 

 

 

 

 

 

SPOUSAL IMPOVERISHMENT INCOME ALLOCATION WORKSHEET

 

 

 

 

 

 

 

Primary Person Name (Last, First, MI)

 

 

Social Security Number

 

 

 

 

 

 

 

Section A – Community Spouse Income Allocation

 

 

 

 

Spouse’s Name (Last, First, MI)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

ENTER Maximum Community Spouse Income Allocation

 

$

 

 

 

 

 

 

 

 

 

 

2.

SUBTRACT Gross Income of Community Spouse

 

-

 

 

 

 

 

 

 

 

 

 

3.

EQUALS Community Spouse Income Allocation

 

=

 

 

 

 

 

 

 

 

 

Section B – Dependent Family Member Income Allocation

 

 

 

 

 

 

Name

 

Name

 

 

Name

 

 

 

 

 

 

 

 

1.

ENTER – Maximum

$

 

$

 

 

$

 

Dependent Family

 

 

 

Member Income Allocation

 

 

 

 

 

 

2.

SUBTRACT – Dependent

-

 

-

 

 

-

 

Family Member’s Income

 

 

 

 

 

 

 

 

 

3.

EQUALS – Individual

=

 

=

 

 

=

 

Allowance

 

 

 

 

 

 

 

 

 

4.

ENTER – Total Dependent

Total $

 

 

 

 

 

Family Member Allocation

 

 

 

 

 

(Add Line 3 of all columns)

 

 

 

 

 

 

Section C – Cost of Care/Cost Sharing Calculation

 

 

 

 

1.

ENTER Institutionalized Spouse’s Gross Income

 

$

 

 

 

 

 

 

 

 

2.

SUBTRACT Personal Allowance

 

-

 

 

 

 

 

 

 

 

 

 

3.

EQUALS

 

 

 

=

 

 

 

 

 

 

 

 

4.

SUBTRACT Community Spouse Income Allocation

 

-

 

 

 

(from Section A, Item 3)

 

 

 

 

 

 

 

 

 

 

 

 

5.

EQUALS

 

 

 

=

 

 

 

 

 

 

 

 

6.

SUBTRACT Total Dependent Family Member Allocation

 

-

 

 

 

(From Section B, Item 4)

 

 

 

 

 

 

 

 

 

 

 

 

7.

EQUALS

 

 

 

=

 

 

 

 

 

 

 

8.

SUBTRACT Any Court-Ordered Guardian or Attorney Fees &

-

 

 

 

any other special exempt income

 

 

 

 

 

 

 

 

9.

EQUALS

 

 

 

=

 

 

 

 

 

 

 

 

10.

SUBTRACT Medical/Remedial Costs and Cost of Person’s

 

-

 

 

 

Health Insurance Premiums

 

 

 

 

 

 

 

 

 

 

 

 

11.

EQUALS Nursing Home Liability Amount / Community Waivers

=

 

 

 

Cost Sharing Amount

 

 

 

 

 

 

 

 

 

 

 

 

RETAIN COMPLETED FORM IN CASE RECORDS

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