Premium Tax Credit Individual Mandate for 2015 Returns (Currently Unavailable)

Author: Annette Nellen

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

We have survived the first filing season for key Affordable Care Act provisions – the Premium Tax Credit (PTC) and Individual Mandate. What did we learn and what has changed for 2015 returns?

Publication Date: February 2016

Designed For
Practitioners who have clients who purchased health coverage on an Exchange, claimed the PTC in 2014, or who are potentially subject to the individual mandate (for not having minimum essential coverage).

Topics Covered

  • How the PTC is computed, reconciled and claimed.
  • How the individual mandate is computed for 2015.
  • What has changed for 2015 (such as the inflation adjustments and transitional rules).
  • Tips for helping clients understand these ACA provisions.
  • Due diligence reminders.

Learning Objectives

  • Identify the data needed and formulas to compute the PTC and individual mandate penalty.
  • Recognize the basics and purpose of these provisions and how to explain them to clients.
  • Apply due diligence to ensure proper compliance.

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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