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Surgent's Critical 1040 Reporting Issues Related to the Affordable Care Act -- Penalties and Premium
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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, Form 9065, The program includes a case study with a line-by-line analysis of the relevant forms.

9/13/2016
When: Tuesday, September 13, 2016
11:00 AM - 1:00 PM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


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Acronym ACT2
CPE 2 hours
Category
Taxes
Level Update
Vendor Surgent
Who should attend

All 2016 Form 1040 tax return preparers

Prerequisite
Knowledge of basic individual income tax
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$109

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
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

Objectives

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

 

 

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