Tax Aspects of the Affordable Care Act – 2017 Law – Course Manual Only

This course explores how the Affordable Care Act (ACA) impacts preparation of individual income tax returns. It covers application of provisions of the ACA to individual tax returns, describes the mechanics of how to prepare a variety of new tax forms.

Tax professionals who complete this course will receive an ACA Interview Form which can be used to gather client information needed to accurately apply ACA rules to preparation of 2016 tax returns

Topics Covered

  • Definitions
  • Form 1095-A Health Insurance Marketplace Statement
  • Who qualifies for the premium tax credit
  • Health Care Marketplace
  • Figuring the amount of the premium tax credit
  • Married filing separately
  • Change in marital status or shared policy during the year
  • Applying for advance health insurance payments
  • Reconciling the advance premium tax credit
  • Excess advance premium tax credit
  • Alternative calculation of premium tax credit
  • Form 8962 Premium Tax Credit
  • Form 8965 Health Coverage Exemptions
  • Comprehensive illustration – cost allocation for divorced parents
  • Determining the correct amount for the second-lowest cost silver plan
  • Shared responsibility penalty (individuals)
  • Exemption from the shared responsibility penalty
  • Calculating the individual mandate penalty
  • Minimum essential coverage
  • Determining if individual cost of coverage is affordable
  • Plan cost sharing
  • Additional Medicare Tax
  • Net Investment Income Tax
  • Employer-paid health insurance reporting requirement
  • Credit for small employer health insurance premiums
  • Effect of ACA on employer health care arrangements
  • Health insurance mandate for employers
  • Shared responsibility penalty (employers)
  • Which employees must be offered health insurance
  • Determining if coverage offered to employees is affordable
  • Determining if coverage is adequate
  • Penalty for applicable large employers offering coverage that is inadequate or unaffordable
  • Employer reporting requirements
  • ACA due diligence procedures

Objectives

By the conclusion of this course, you should be able to:

  • Determine if an individual qualifies for the Premium Tax Credit
  • Determine when an individual must pay a shared responsibility penalty
  • Complete form 8965 to claim an exemption from the shared responsibility penalty
  • Complete Form 8962 to figure the Premium Tax Credit
  • Figure the Additional Medicare Tax
  • Compute the Net Investment Income Tax
  • Explain tax aspects of health insurance rules impacting large and small employers
  • Utilize due-diligence procedures that facilitate proper application of tax laws under the ACA

The course manual is delivered as a PDF document which you can download and print.

$5.99

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Section 8.1

Course Manual Only

Course Type:

CPE Tax

Term:

2017 Tax Law

Registration Status:

Registration Open

Ends: Thursday, December 12, 2019 11:59 PM (PDT)

Course Status

Available

Started: Wednesday, December 12, 2018 11:59 PM (PDT)

Ended: Saturday, December 12, 2020 11:59 PM (PDT)

 

Course Length:

0 Hours

 

Course Fees:

   
   
Course Materials $5.99
Total $5.99

Course Credits: 0

No CE is awarded with the purchase of this manual. You must enroll in and complete the full version of this course to received CE.


Field of Study

Taxes

Program Level

Intermediate

Prerequisite

Basic tax knowledge

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Terms of Enrollment

Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion.  Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.

Basic Tax Law

Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.

Prerequisites & Advance Preparation

Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School’s catalog pages at: http://pnwtaxschool.com/oc-catalog

Cancellations/Refunds

Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.

Problem Resolution

Pacific Northwest Tax School gives the highest priority to delivering quality education programs. If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: support@pnwtaxschool.com

Disclaimer

Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.  Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.  Credit hours are subject to change without notice.

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