BEACH RETREAT: Tax Track – Understanding the Tax and Compliance Issues of Obamacare – 6 HOUR COURSE – Art Werner, JD, MST (1BR011-15)
Description
The Affordable Care Act (a/k/a “Obamacare”) creates many new issues and
opportunities for the tax professional. The new tax issues and the
compliance issues created by Obamacare can be confusing. This course
teaches the tax professional everything that they need to know about
Obamacare in the areas of tax compliance and planning.
Learning Objectives
Completely understand the tax and compliance issues of Obamacare
Major Topics
A Timeline of the Affordable Care Act (2010 – 2018)
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
