Tax Law and News ACA Interactive: Interview Guide for ProSeries® Professionals Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Scott Cytron Modified Oct 19, 2017 1 min read 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. Previous Post Above the Forms: Providing ACA Clarity is Everyone’s Priority Next Post 2014 Filing Requirements – Tangible Property Regulations/Change in Accounting Method Written by Scott Cytron Scott H. Cytron, ABC, is editor of the Intuit® Tax Pro Center. He brings more than 35 years' experience in accounting and financial services to the profession. An accredited consultant, Scott works with companies, organizations and individuals in professional services (medical, legal, accounting, engineering), high-tech and B2B/B2C product/service sales. Follow Scott on Twitter @scytron. More from Scott Cytron Comments are closed. Browse Related Articles Practice Management Consultant spotlight: Jonathan Lovitt Practice Management ProConnect™ Tax spotlight: Megan Leesley, CPA Tax Law and News Boo! Extension season horror stories Tax Law and News Tax relief for victims of Hurricane Milton Practice Management Tax Season Readiness virtual conference—Nov. 13-14 Practice Management Lacerte® Tax spotlight: Tania Santos, EA Tax Law and News How to renew your PTIN Practice Management AI in tax and accounting Tax Law and News November 2024 tax and compliance deadlines Webinars Get Paid for All Your Work: Nov. 21