Question

When assisting taxpayers in obtaining an ACA exemption, the Tax Professional should do which of the following first?

The Tax Professional should first assist the taxpayer in obtaining a Marketplace exemption prior to assisting the taxpayer in claiming a tax return exemption.

The Tax Professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.

The Tax Professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.

None of these answers is correct. The taxpayer is required to obtain ACA exemptions on their own.

Answer 1

solution :

Expense Preparers are doled out by the administration with the obligation of helping citizens with the ACA necessities to report medical coverage inclusion. There are two kinds of ACA exclusion 1) Marketplace-allowed exceptions and 2) exceptions that can be asserted on an expense form; and keeping in mind that helping charge preparer ought to get least basic inclusion before other ACA exclusion.

therefore

The Tax Professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.