ACA Tax Training Webinar Series, Tax Year 2018
As part of the ACA tax training webinar series for VITA/TCE volunteers presented on November 13, 2018, this webinar explains how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the marketplace. This is an advance ACA certification topic for VITA and TCE volunteers.
This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2018 tax season.
Presentation Slides
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↓ Download PowerPoint presentation slides (PPT)
Watch the Webinar
Overview of What’s Covered
Premium Tax Credit Rules and TaxSlayer
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- Eligibility criteria for PTC
- Form 8962: Reconciling the PTC
- Form 1095-A
- Repayment of APTC
- Income below 100% FPL
- Entering Form 1095-A in TaxSlayer
Complex Form 1095-A Issues
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Issue:
- I thought I would file jointly, but I’m Married Filing Separately
- Multiple Forms 1095-A
- Failure to pay premiums
- Only Column A of Form 1095-A is completed
- Overlapping coverage
Review Tips
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- Preview the return
- Form 8962 review
- If there is a repayment of APTC
- Failure to reconcile
Q&A
Additional Resources
VITA/TCE Basic Certification: Exemptions and the Individual Mandate | View webinar
Premium Tax Credits Tips and Tricks (TY2017) | View resource
Resources for Volunteer Tax Preparers | View resources