DECEMBER 9, DINNER MEETING
Topic: The Insurance Mandate: Subsidies, Credits, Penalties and How They Interact and Effect the 1040
This presentation will revisit the Affordable Care Act presentation given by Lee last July. However this time the focus of the presentation will be how the insurance mandate, insurances exchanges, subsidies, premium assistance credit, penalties for not being insured and the employer penalty for not providing affordable care insurance all interact. To accomplish this, several typical scenarios will be studied and the effects of the various taxpayers’ insurance options related to having, or not having, insurance and if they chose to have insurance where they obtain the coverage. The impact on an employer based upon the employee’s insurance decisions will also be studied. Time permitting Lee will also cover the new Net Investment Income Tax.
1. Learn the insurance options available to taxpayers.
2. Learn who qualifies for an insurance subsidy.
3. Learn how an employee’s health insurance decisions will impact the employer.
3. Learn how the premium assistance credit is computed and applied on the 1040.
4. Learn the consequences of not being insured and who is responsible.
5. Learn how these issues impact the preparation of the tax return.
Where: Airtel Plaza Hotel
7277 Valjean Ave
Van Nuys, CA
Board Meeting: 5:00pm
CE Presentation: 7:00pm
CE Credit: 2 (Federal Taxation)
Cost: $37 for members
$40 for non-members
Reservations - E-mail: firstname.lastname@example.org
Include your meal selection with your e-mail reservation.
- Flat Iron Steak
- Wild Sea Bass
- Penne Pasta Pomodoro
- Complimentary Glass of Wine
All sections include: Greens Salad & Ice Cream Bombe
Presented By: Lee T. Reams, EA. Mr. Reams is an owner and Chief Technology Officer of ClientWhys. Educated as an engineer, with a Bachelor's Degree in Mechanical Engineering, Lee left his engineering career in 1975 to expand his part-time tax practice into a full-time career with a tax practice of 700 clients. In 1978, he founded IPS, which evolved into ImageOne, a leading national provider of office and practice management products, serving the tax, accounting, and financial planning industries as well as live and self-study CE. After the sale of the ImageOne printing division, ClientWhys was spun off including the highly popular Internet Products for CPAs, EAs, and other tax professionals as well as the CE Division.
Besides writing web content, tax blogs, CE courses and annually editing the Big Book of Taxes, Lee is a speaker for the ClientWhys Seminar series. He also oversees the very popular online tax forum, CWconnect that sharpens his technical skills. Lee is a former founding Board Member of the California Tax Education Council, is a Past President and current Board Member of the San Fernando Valley Chapter of Enrolled Agents, Member and Past Director for the California Society of Enrolled Agents.