Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)
Seminar Level: Beginner
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (afsp) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG
DISCLAIMER: THIS SEMINAR WAS FILMED IN New Orleans, LOUISIANA, ON JULY 26, 2016, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The IRS Small Business Self Employed Division presented this seminar at the 2016 IRS Nationwide Tax Forum.
This seminar will discuss and summarize the following requirements that employers may be subject to under the Affordable Care Act (ACA), including:
•how to determine full-time equivalent employees;
•determine if you are an applicable large employer (ALE);
•ACA requirements for ALEs;
•ACA requirements if you're not an ALE;
•employer shared responsibility payments; and
•the Small Business Health Care Tax Credit.
By the end of this presentation, you will be able to:
• Determine if a taxpayer is an Applicable Large Employer (ALE)
• Determine information reporting requirements for ALE’s
• Differentiate between reporting forms 1094-C and 1095-C
• Recall mandatory electronic filing (AIR) thresholds for information returns
• Recognize how to determine an employer’s liability under The Employer Shared Responsibility provisions
No prerequisites or advanced preparation are required for this seminar.