You have no doubt heard of the Affordable Care Act. As of the 2014 tax year, there are several aspects of the Act ready to “kick in”. This webinar focuses on the “employee” side of the Act.
You will learn what the Individual Penalty is really all about. We will also discuss what constitutes Minimal Essential Coverage, and the State and Federal Exchanges. You will also learn a little-known aspect of the Act that may require you to pay more than the $95 penalty for not being insured.
Finally, we will discuss the many exemptions available, and how the IRS can enforce collection of the Individual Penalty. You will also learn how you can prove coverage to the satisfaction of the IRS. If you have questions about complying with the Act as an individual, this is the webinar for you!