Webinar

The Affordable Care Act - 2018 and Beyond

The Affordable Care Act (a/k/a “Obamacare”) is still alive and well as Congress was unable to “repeal and replace” this law.  Coupled with the Tax Cuts and Jobs Act of 2017, your client must be in a state of confusion.  This course teaches the tax professional everything that they need to know about the Affordable Care Act in the areas of tax compliance and planning.

Objectives

  • To provide the practitioner with a complete understanding of the tax and compliance issues of the Affordable Care Act

Highlights

  • 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

Additional Information

Designed For

CPAs, EAs, and other tax professionals

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

None

Field of Study

Taxes

Course Number

182028732

Level of Knowledge

Basic

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