IRS ACA best practices guides

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  • BP.
    Senior Member
    • Oct 2005
    • 1750

    #1

    IRS ACA best practices guides

    IRS has some pages for tax preparers where they discuss due diligence and best practices for ACA.

    This is on the IRS “ACA for Tax Pros” page:

    There's a link for the SRP (Shared Responsibility Payment) and one for the PTC (Premium Tax Credit.)



  • April Smith
    Junior Member
    • Jan 2015
    • 10

    #2
    Do I need to know who your doctor is?

    Thank you. I will follow your links to research more.

    Comment

    • marlenew
      Member
      • Apr 2012
      • 41

      #3
      On the Return Preparer Best Practices list medicare card is listed as approved documentation. What about the Statement from Social Security that shows the amount of Social Security the taxpayer received for the year along with Medicare Part B premium? Would this not be proof that they had medical insurance be sufficient as I do keep a copy of this in my file?

      Comment

      • Harvey Lucas
        Senior Member
        • Apr 2006
        • 217

        #4
        Thanks BP, very helpful.

        Harvey Lucas

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