Customer Service: 800-778-7436     Contact

    Log In to Your Surgent Account

    Forgot Password | Register for an Account

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Need more CPE this year? Get this course plus unlimited live webinars through 12/31 for just $649!

Critical 1040 Reporting Issues Related to the Affordable Care Act -- Penalties and Premium Tax Credits (ACT2)

Tuesday, November 1, 2016
07:00 PM - 09:00 PM (Eastern)

Mike Tucker, Ph.D., LL.M., J.D., CPA

Bob Lickwar, CPA

  • Format Webinar
  • Credits 2
  • Level Update
  • Field of Study Taxes (2)

Overview

All 2016 individual income tax return preparers need to be thoroughly familiar with Affordable Care Act compliance issues as it relates to individual taxpayers. Preparers should be able to knowledgeably prepare Form 8962, which deals with anyone eligible for a premium tax credit or who received a premium tax credit, whether eligible for it or not. Preparers should also be familiar with any applicable exemptions to the individual penalty that could apply and Form 9065, where application for an exemption is made. The program includes a case study with a line-by-line analysis of the relevant forms.

Major Topics:

  • Determining the amount of the individual's shared responsibility penalty
  • Statutory exemptions from mandated health insurance coverage
  • Obtaining and calculating the amount of the premium tax credit
  • Reconciling the amount of the individual’s premium tax credit awarded with the amount to which the individual is entitled
  • Ins and outs of Form 8962, Premium Tax Credit
  • Form 8965, Health Coverage Exemptions
  • Complete case study with filled-in forms

Learning Objectives

  • Prepare and process the tax forms relating to the premium tax and the individual shared responsibility penalty for 2016

Who should take this course:

All 2016 Form 1040 tax return preparers

Knowledge of basic individual income tax

None

Yes

No

No

Loading...

Loading...

Thank You!

YOU HAVE ADDED THE FOLLOWING TO YOUR CART:


Thank You!

Thank You! Your subscription has been submitted.