The Tax Cuts and Jobs Act Series: The Affordable Care Act - 2018 and Beyond

Course 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. 

OBJECTIVE:   

At the end of this course you will be able to:

•  Recognize the tax and compliance issues of Obamacare 

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