Calculating a shared allocation is one of the most difficult issues associated with the Affordable Care Act. Several scenarios will be reviewed and real life issues will be demonstrated. Whether the client gets married, divorced, can no longer claim a dependent yet received a Premium Tax Credit for that individual, or moved, all these situations require a shared allocation. Do not spend hours researching this concept, we will demonstrate how to prepare the Form 8962 in these situations.
CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.