ACA Interactive: Interview Guide for ProSeries® Professionals

Welcome

ACA Interactive will guide you through provisions of the Affordable Care Act including coverage and exemptions, as well as program input steps.

Highlights for Tax Preparers of 2014 Returns

Reporting – Only clients that have purchased insurance through the Marketplaces will receive Form 1095-A, as shown in the table below. This means that many if not most of your clients that have insurance coverage will not receive a 1095-B or 1095-C for 2014. See table below.

What this means for you – The IRS recognizes this and as a result you as a tax preparer don’t have to obtain specific documentation from your clients to prove they have health care coverage. Various documentation as well as oral self-reporting of coverage by the taxpayer is admissible. Source: Excerpted from AICPA Webcast Nov.13, 2014, speaker William Smits from the IRS Wage & Investment Division.

IRS Penalty enforcement – The provisions of the Affordable Care Act prohibit the IRS from levies or liens to collect any individual shared responsibility payment. Source: IRS Question 26

What this means for your client – The IRS can only offset the liability against a tax refund that may be due to a taxpayer.

A handy ProSeries ACA Quick Reference PDF can be downloaded here.