Course ID: ACAX

Navigating Your Client Through the Maze of the Affordable Care Act

Since Congress was unable to create new health care legislation this year, the Affordable Care Act is still the law of the land. Many practitioners thought that there would be new health care legislation and therefore neglected to update their knowledge on the ACA. This course provides updated information on the Affordable Care Act for 2017 and will allow the practitioner to feel comfortable with their ability to assist clients in complying with the tax aspects of the law.


Learning Objectives

To provide the practitioner with a complete understanding of the tax and compliance issues of the ACA.


Major Topics

  • A Timeline of the Affordable Care Act (2010 – 2020)
  • Understanding the issues regarding the 0.9% Medicare “High Income Tax”
  • Understanding the issues of the Medicare 3.8% “Net Investment Income Tax”
  • What is (and what isn’t) “Net Investment Income”
  • Small Employer Tax Credit
  • Employer Penalties for failure to provide coverage
  • Calculation of “Full Time Equivalent Employees”
  • The Premium Tax Credit and the Advanced Premium Tax Credit
  • The Penalty for not Being Insured (The “Shared Responsibility Payment”)
  • Forms 1095-A, 1095-B, and 1095-C
  • Compliance Issues – Form 8962
  • Shared Allocations
  • Penalty Exceptions and Compliance Issues – Form 8965
  • Case Studies

Who Should Attend

CPAs, EAs, and other tax professionals

Fields of Study

Taxes

Prerequisites

None


Provider

Werner-Rocca Seminars LTD

CPE Credits

8.0

Level

Basic

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org
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