1. TAX-AIDE TaxWise and ACA Preliminary – TY2014

2. TAX-AIDE 1.Full-Year Coverage for Entire Household ● Check box on 1040 Ln 61 Preliminary – TY2014 No further action required for ACA

3. TAX-AIDE 2. Otherwise… If ● Any member of taxpayer’s household has MEC for less than entire year -OR- ● Insurance was purchased through the Marketplace -OR- ● Exemptions are applicable  Select 1040 Wkt8 – Key to ACA! Preliminary – TY2014

4. TAX-AIDE How do we get necessary forms to the TaxWise Tree? ● Select TW “1040 Wkt8” ● Read the Instructions. Carefully!

5. TAX-AIDE Determine SRP ● Check “Full” box or months with neither MEC nor an exemption Preliminary – TY2014

6. TAX-AIDE SRP Calculated on Wtk8 Preliminary – TY2014

7. TAX-AIDE SRP Transferred to 1040 Line 61 Preliminary – TY2014

8. TAX-AIDE Preliminary – TY2014 ● Taxpayer purchased insurance through Marketplace beginning in March for a possible exemption in Jan and Feb When Exm is checked, Form 8965 is loaded into the tree

9. TAX-AIDE Complete Form 8965 for Exemption for January and February Preliminary – TY2014

10. TAX-AIDE 3.Eligible for Premium Tax Credit? Preliminary – TY2014 When Mkt is checked, Form 8962 is loaded into the tree

11. TAX-AIDE TP’s share of health care cost is based on 2014 Income Preliminary – TY2014

12. TAX-AIDE Marketplace sends Form 1095-A Preliminary – TY2014

13. TAX-AIDE Enter Information from Form 1095-A on Form 8962 Preliminary – TY2014

14. TAX-AIDE If Calculated PTC is Less Than Advance PTC Preliminary – TY2014

15. TAX-AIDE BUT… TP Has to Repay Some or All Excess Advance PTC – 1040 Line 46 Preliminary – TY2014 1040 Pg 2 Form 8962 Part 3

16. TAX-AIDE If Net PTC – 1040 Line 69 Preliminary – TY2014 Form 8962 Part 3 1040 Pg 2

17. TAX-AIDE Preliminary – TY2014

18. TAX-AIDE TaxWise and ACA Preliminary – TY2014 Questions? Comments…