Affordable Care Act
No matter your designation, the IRS requires tax preparers to follow due diligence requirements when preparing tax returns. This means the preparer are required to ask certain questions, obtain evidence and retain documents as support for positions made on a return. This checklist can help you with that.
Our ACA Checklist covers the questions, evidence and documents needed for the:
• Individual Mandate
• Premium Assistance Credit
• Business Mandate
This complimentary checklist can be completed when preparing each return and kept with the supporting documents to assure you have asked the appropriate questions and met your due diligence requirements if the IRS ever comes to visit.