{"id":1639,"date":"2015-09-07T15:53:48","date_gmt":"2015-09-07T20:53:48","guid":{"rendered":"https:\/\/taxprocenter.proconnect.intuit.com\/?p=1639"},"modified":"2016-07-28T21:40:07","modified_gmt":"2016-07-29T02:40:07","slug":"how-the-affordable-care-act-affects-your-practice","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/","title":{"rendered":"How the Affordable Care Act Affects Your Practice"},"content":{"rendered":"<p><span style=\"font-weight:400;\">Did you know that tax season 2014 is going to be one of the roughest in recent memory? Those are the warnings from National Taxpayer Advocate Nina Olson who says it could be \u201cawful.\u201d<\/span><\/p>\n<p><span style=\"font-weight:400;\">But, don\u2019t just take her word for it. IRS Commissioner John Koskinen predicts the worst phone service the IRS has delivered in more than two decades, and warns of possible shutdowns. The twin culprits, according to Olson and Koskinen, are budget cuts and the Affordable Care Act (ACA). Put them together, and you\u2019ve got a recipe for a very difficult filing season.<\/span><\/p>\n<p><span style=\"font-weight:400;\">On the other hand, the picture may not be as gloomy after all. For starters, we aren\u2019t dealing with major, late-breaking tax legislation. The IRS opened as usual on Jan. 20, and while the ACA involves some of the biggest and most complicated tax law changes in history, most Americans have health insurance and will simply need to check a box on their returns saying so.<\/span><\/p>\n<p><span style=\"font-weight:400;\">So, what does all of this mean for the tax professional girding for the rest of busy season? Simply put, in addition to the usual preparations \u2013 CPE and boning up on forms changes, for example \u2013 you\u2019ll need to understand how the ACA affects the tax return and help your clients understand what they need to do. I would\u2019ve thought this would be relatively easy. Tax pros, after all, have seen this kind of movie before.<\/span><\/p>\n<p><span style=\"font-weight:400;\">Unfortunately, this may be where things have the best chance of going off track. First, the IRS and Health and Human Services (HHS) took much longer than expected to finalize the rules under which everyone has to operate \u2026 and those rules are complicated. Moreover, in the first year of any implementation, <\/span><i><span style=\"font-weight:400;\">everyone\u2019s<\/span><\/i><span style=\"font-weight:400;\"> learning about how things are going to work. That includes taxpayers and there <\/span><i><span style=\"font-weight:400;\">will<\/span><\/i><span style=\"font-weight:400;\"> be bumps.<\/span><\/p>\n<p><span style=\"font-weight:400;\">For example, how many people do you suppose know what Form 1095 is and what they\u2019re to do with it? I put this question to an audience of about 100 people late last year and only four knew the answer \u2013 and this was an audience of practitioners. These folks were tops in the field and I have no question about their capabilities, but healthcare is new territory to them.<\/span><\/p>\n<p><span style=\"font-weight:400;\">In the past, the biggest question for most clients was whether their medical expenses were big enough to qualify for a deduction from income. Now, there are new forms and new terms: the second lowest cost silver plan and does it apply? What is MAGI and how does it differ from AGI? What is a household for purposes of determining coverage requirements? The list goes on and on.<\/span><\/p>\n<p><span style=\"font-weight:400;\">There are also the natural issues that come with a new program. Your clients may have gotten Form 1095 in the mail, but will they even recognize it or know what to do with it? They may not have gotten insurance because they thought the penalty was only $95 instead of 1 percent of income. Or, they may have underestimated their incomes when computing the premium tax credit and may find they\u2019ll need to repay it \u2013 at the expense of a smaller refund.<\/span><\/p>\n<p><span style=\"font-weight:400;\">Two years from now, healthcare will be another feature of the tax process, albeit a complicated one. The rules will be clearer and taxpayers will understand their responsibilities much better than they do today. By that time, the IRS and HHS will have learned how to administer the program\u2019s complexities. In short, we\u2019re in transition.<\/span><\/p>\n<p><span style=\"font-weight:400;\">To help you talk to your clients about these topics, Intuit has created an <\/span><a href=\"https:\/\/proconnect.intuit.com\/affordable-care-act\/\" data-wa-link=\"body_aca\"><b>ACA Resources<\/b><\/a><span style=\"font-weight:400;\"> page \u2013 a comprehensive listing of practitioner and client guides, checklists, and information for tax professionals, individual clients and more.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know that tax season 2014 is going to be one of the roughest in recent memory? Those are the warnings from National Taxpayer Advocate Nina Olson who says it could be \u201cawful.\u201d But, don\u2019t just take her word for it. IRS Commissioner John Koskinen predicts the worst phone service the IRS has delivered<\/p>\n","protected":false},"author":107319865,"featured_media":1643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[509474089],"tags":[29185930,7649],"intuit_collection":[],"intuit_series":[],"coauthors":[509474211],"class_list":["post-1639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law-and-news","tag-affordable-care-act","tag-irs"],"header_image":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How the Affordable Care Act Affects Your Practice - Tax Pro Center | Intuit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How the Affordable Care Act Affects Your Practice - Tax Pro Center | Intuit\" \/>\n<meta property=\"og:description\" content=\"Did you know that tax season 2014 is going to be one of the roughest in recent memory? Those are the warnings from National Taxpayer Advocate Nina Olson who says it could be \u201cawful.\u201d But, don\u2019t just take her word for it. IRS Commissioner John Koskinen predicts the worst phone service the IRS has delivered\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Pro Center | Intuit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IntuitAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-07T20:53:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-07-29T02:40:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Williams\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:site\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Williams\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/\"},\"author\":{\"name\":\"David Williams\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/0a7afa537de235bc40c5d2fdc21fab85\"},\"headline\":\"How the Affordable Care Act Affects Your Practice\",\"datePublished\":\"2015-09-07T20:53:48+00:00\",\"dateModified\":\"2016-07-29T02:40:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/\"},\"wordCount\":626,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2015\\\/09\\\/istock_000065460987_xxxlarge-e1508455268982.jpg\",\"keywords\":[\"affordable care act\",\"IRS News\"],\"articleSection\":[\"Tax Law and News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/\",\"name\":\"How the Affordable Care Act Affects Your Practice - Tax Pro Center | Intuit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2015\\\/09\\\/istock_000065460987_xxxlarge-e1508455268982.jpg\",\"datePublished\":\"2015-09-07T20:53:48+00:00\",\"dateModified\":\"2016-07-29T02:40:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#primaryimage\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2015\\\/09\\\/istock_000065460987_xxxlarge-e1508455268982.jpg\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2015\\\/09\\\/istock_000065460987_xxxlarge-e1508455268982.jpg\",\"width\":700,\"height\":399,\"caption\":\"Business people and doctors having a meeting in the office and communicating.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/how-the-affordable-care-act-affects-your-practice\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How the Affordable Care Act Affects Your Practice\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"name\":\"Tax Pro Center | Intuit\",\"description\":\"Tax Pro Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\",\"name\":\"Tax Pro Center | Intuit\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"width\":872,\"height\":160,\"caption\":\"Tax Pro Center | Intuit\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/IntuitAccountants\",\"https:\\\/\\\/x.com\\\/IntuitAccts\",\"https:\\\/\\\/www.instagram.com\\\/intuitaccountants\\\/?hl=en\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/intuit-accountants\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/0a7afa537de235bc40c5d2fdc21fab85\",\"name\":\"David Williams\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9d64aa9b95e3ac429467d859e4796ad330d979f24a510583a60b3a664a6fd293?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9d64aa9b95e3ac429467d859e4796ad330d979f24a510583a60b3a664a6fd293?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9d64aa9b95e3ac429467d859e4796ad330d979f24a510583a60b3a664a6fd293?s=96&d=identicon&r=g\",\"caption\":\"David Williams\"},\"description\":\"David Williams, chief tax officer at Intuit and executive director of the Intuit Tax and Financial Center, is charged with helping lead and drive growth in Intuit\u2019s tax businesses, shape strategies, engage with external stakeholders and partners, and support industry initiatives. Prior to joining Intuit, David had a long career in tax policy and tax administration on Capitol Hill and at the IRS. He served as a U.S. Senate staffer working primarily on tax issues for the Senate Budget Committee and for Senator Bill Bradley. At the IRS he held a number of positions, including Chief Communications Officer, Director of the Earned Income Tax Credit Office, Director of Electronic Tax Administration and Director of the Return Preparer Office.\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/author\\\/taxpro71\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How the Affordable Care Act Affects Your Practice - Tax Pro Center | Intuit","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/","og_locale":"en_US","og_type":"article","og_title":"How the Affordable Care Act Affects Your Practice - Tax Pro Center | Intuit","og_description":"Did you know that tax season 2014 is going to be one of the roughest in recent memory? Those are the warnings from National Taxpayer Advocate Nina Olson who says it could be \u201cawful.\u201d But, don\u2019t just take her word for it. IRS Commissioner John Koskinen predicts the worst phone service the IRS has delivered","og_url":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/","og_site_name":"Tax Pro Center | Intuit","article_publisher":"https:\/\/www.facebook.com\/IntuitAccountants","article_published_time":"2015-09-07T20:53:48+00:00","article_modified_time":"2016-07-29T02:40:07+00:00","og_image":[{"width":700,"height":399,"url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg","type":"image\/jpeg"}],"author":"David Williams","twitter_card":"summary_large_image","twitter_creator":"@IntuitAccts","twitter_site":"@IntuitAccts","twitter_misc":{"Written by":"David Williams","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#article","isPartOf":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/"},"author":{"name":"David Williams","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/0a7afa537de235bc40c5d2fdc21fab85"},"headline":"How the Affordable Care Act Affects Your Practice","datePublished":"2015-09-07T20:53:48+00:00","dateModified":"2016-07-29T02:40:07+00:00","mainEntityOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/"},"wordCount":626,"commentCount":0,"publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg","keywords":["affordable care act","IRS News"],"articleSection":["Tax Law and News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/","name":"How the Affordable Care Act Affects Your Practice - Tax Pro Center | Intuit","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#primaryimage"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg","datePublished":"2015-09-07T20:53:48+00:00","dateModified":"2016-07-29T02:40:07+00:00","breadcrumb":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#primaryimage","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg","width":700,"height":399,"caption":"Business people and doctors having a meeting in the office and communicating."},{"@type":"BreadcrumbList","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/how-the-affordable-care-act-affects-your-practice\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxprocenter.proconnect.intuit.com\/"},{"@type":"ListItem","position":2,"name":"How the Affordable Care Act Affects Your Practice"}]},{"@type":"WebSite","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","name":"Tax Pro Center | Intuit","description":"Tax Pro Center","publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accountants.intuit.com\/taxprocenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization","name":"Tax Pro Center | Intuit","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","width":872,"height":160,"caption":"Tax Pro Center | Intuit"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IntuitAccountants","https:\/\/x.com\/IntuitAccts","https:\/\/www.instagram.com\/intuitaccountants\/?hl=en","https:\/\/www.linkedin.com\/company\/intuit-accountants\/"]},{"@type":"Person","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/0a7afa537de235bc40c5d2fdc21fab85","name":"David Williams","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9d64aa9b95e3ac429467d859e4796ad330d979f24a510583a60b3a664a6fd293?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9d64aa9b95e3ac429467d859e4796ad330d979f24a510583a60b3a664a6fd293?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9d64aa9b95e3ac429467d859e4796ad330d979f24a510583a60b3a664a6fd293?s=96&d=identicon&r=g","caption":"David Williams"},"description":"David Williams, chief tax officer at Intuit and executive director of the Intuit Tax and Financial Center, is charged with helping lead and drive growth in Intuit\u2019s tax businesses, shape strategies, engage with external stakeholders and partners, and support industry initiatives. Prior to joining Intuit, David had a long career in tax policy and tax administration on Capitol Hill and at the IRS. He served as a U.S. Senate staffer working primarily on tax issues for the Senate Budget Committee and for Senator Bill Bradley. At the IRS he held a number of positions, including Chief Communications Officer, Director of the Earned Income Tax Credit Office, Director of Electronic Tax Administration and Director of the Return Preparer Office.","url":"https:\/\/accountants.intuit.com\/taxprocenter\/author\/taxpro71\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/09\/istock_000065460987_xxxlarge-e1508455268982.jpg","jetpack_shortlink":"https:\/\/wp.me\/pazjGh-qr","jetpack-related-posts":[{"id":1603,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/aca-interactive-interview-guide-for-proseries-professionals\/","url_meta":{"origin":1639,"position":0},"title":"ACA Interactive: Interview Guide for ProSeries\u00ae Professionals","author":"Scott Cytron","date":"September 2, 2015","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"tax accountant","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/09\/credential-e1535552844673.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/09\/credential-e1535552844673.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/09\/credential-e1535552844673.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":2163,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/your-clients-aca-reporting-burden-is-ripe-for-automation\/","url_meta":{"origin":1639,"position":1},"title":"Your Clients\u2019 ACA Reporting Burden is Ripe for Automation","author":"Liz Armbruester","date":"January 28, 2016","format":false,"excerpt":"Like most accounting professionals who are already heads-down into tax season, you\u2019re likely still getting questions from clients about the Affordable Care Act (ACA) \u2013 and we can assume they need help fast. There is still time for your clients to prove that they provide their employees with the minimum\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/business-financial-statement-e1508455577599.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/business-financial-statement-e1508455577599.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/business-financial-statement-e1508455577599.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/12\/business-financial-statement-e1508455577599.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":2166,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/centerpiece-provision-of-the-aca-the-premium-tax-credit\/","url_meta":{"origin":1639,"position":2},"title":"Centerpiece Provision of the ACA &#8211; The Premium Tax Credit","author":"Mike D'Avolio, CPA, JD","date":"March 11, 2015","format":false,"excerpt":"If your clients or their family members meet certain criteria, they\u2019ll be exempt from the Shared Responsibility Payment (Affordable Care Act penalty) and won\u2019t have to obtain coverage. Depending on the type of exemption you are claiming, there are a wide variety of exemptions available from either the Marketplace (Health\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/03\/affordable-care-act1-e1535552490958.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/03\/affordable-care-act1-e1535552490958.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2015\/03\/affordable-care-act1-e1535552490958.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":623,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/many-taxpayers-are-exempt-from-the-aca-penalty\/","url_meta":{"origin":1639,"position":3},"title":"Many Taxpayers Are Exempt From the ACA Penalty","author":"Mike D'Avolio, CPA, JD","date":"September 9, 2015","format":false,"excerpt":"If your clients or their family members meet certain criteria, they\u2019ll be exempt from the Shared Responsibility Payment (Affordable Care Act penalty) and won\u2019t have to obtain coverage. Depending on the type of exemption you are claiming, there are a wide variety of exemptions available from either the Marketplace (Health\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/health-care-e1508452738522.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/health-care-e1508452738522.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/health-care-e1508452738522.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/health-care-e1508452738522.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":1393,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/online-tools-to-estimate-credits-and-payments-related-to-the-affordable-care-act\/","url_meta":{"origin":1639,"position":4},"title":"Online Tools to Estimate Credits and Payments Related to the Affordable Care Act","author":"Intuit Accountants Team","date":"June 23, 2016","format":false,"excerpt":"The Taxpayer Advocate Service has several tools available to help you and your clients estimate credits and payments related to the Affordable Care Act. This new article from the IRS, issued in early June, includes tools for employers and individuals. Review the tools and pass along the links to your\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Medical Expenses","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/aca-e1508454924654.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/aca-e1508454924654.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/aca-e1508454924654.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/06\/aca-e1508454924654.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":3665,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/enrolling-in-aca-workplace-coverage-can-be-a-costly-but-avoidable-tax-hit-to-employees\/","url_meta":{"origin":1639,"position":5},"title":"Enrolling in ACA Workplace Coverage can be Costly, but can be an  Avoidable Tax Hit to Employees","author":"Mike D'Avolio, CPA, JD","date":"August 26, 2016","format":false,"excerpt":"At the time they are hired, employers should remind their employees to adjust their income with the Healthcare Marketplace if they are retaining their Affordable Care Act coverage. Also, marketplace premium assistance should be turned off when employees are enrolling in workplace benefits.\u00a0There are a significant number of tax filers\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"ACA Workplace","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/08\/aca-workplace-e1508456899736.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/08\/aca-workplace-e1508456899736.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/08\/aca-workplace-e1508456899736.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/08\/aca-workplace-e1508456899736.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/1639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/users\/107319865"}],"replies":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/comments?post=1639"}],"version-history":[{"count":4,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/1639\/revisions"}],"predecessor-version":[{"id":3068,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/1639\/revisions\/3068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media\/1643"}],"wp:attachment":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media?parent=1639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/categories?post=1639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/tags?post=1639"},{"taxonomy":"intuit_collection","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_collection?post=1639"},{"taxonomy":"intuit_series","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_series?post=1639"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/coauthors?post=1639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}