Tax Reform & the Affordable Care Act: Compliance in 2018 and Beyond (MLT718D)

With Obamacare Still the Law, Here’s How to Advise Financial Services Clients

Despite promises to the contrary, Congress did not repeal and replace the Affordable Care Act, meaning that what’s better known as Obamacare is still law and your clients are subject to its provisions. While the Tax Cuts and Jobs Act of 2017 did alter parts of the healthcare law, many clients may not have considered all of the issues surrounding their compliance and needs. It’s time to get up to speed on how to advise clients—before the tax year ends.

Tax pro Arthur Werner details everything you need to know about the current state of the Affordable Care Act regarding tax compliance and planning.

Werner will cover the law as it stands today, how last year’s tax overhaul changed it, and how you should be advising your clients. This detailed, four-hour webinar will give you solid planning advice and a sound position to offer outstanding advice to your clients.

Werner will also explain the small employer tax credit, penalties for failure to provide coverage, how to calculate full-time equivalent employees, and all about the premium and advanced premium tax credits. There are lots of misunderstandings about the Affordable Care Act and its impacts—be prepared to offer clients great advice.

Session Highlights

Benefits of this comprehensive program include:

• History of the Affordable Care Act (2010 – today)
• Issues regarding the 0.9% Medicare “High Income Tax”
• Issues regarding 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

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

• Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Preparers
• Attorneys
• Financial Planners
• Insurance Agents
• Bankers
• Finance and Accounting Professionals
• Personnel in Accounting and Taxation Firms
• Personnel in law firms dealing with tax issues
• Small Business Owners