The Affordable Care Act: What Tax Practitioners Have to Know

March 12, 2015
Emma Ogutu

The past year—2014—is the first year taxpayers are required to report healthcare coverage on the IRS individual tax returns under the Affordable Care Act. These requirements present new challenges for tax practitioners in terms of determining whether clients have qualifying health insurance or are eligible for an exemption from the mandate, in addition to calculating any penalties, and determining eligibility for the premium tax credit……

Blake Smith details what tax practitioners have to know when calculating penalties, and determining eligibility for premium tax credit.  Link to the Accounting Web to read more.




Emma Ogutu
Public Relations Coordinator
Tel: +1 734 388 3831

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