TOOLS OF THE TRADE
WHAT DOES THAT STAND FOR?
NOW HOLD ON BIG FELLA!
AYE, MY MAN, I'M JUST TRYIN' TO...
DIS FINNA BE A BREEZE!
100
Used this tool to verify Marketplace data for any taxpayer or dependent.
What is CDR Tool?
100
ACA
What is Affordable Care Act?
100
If the 8962 is missing or calculated incorrectly, this condition will occur on the account.
What is a math error?
100
I didn't come here for all that. I'm just trying to claim the premium tax credit on this form.
What is Form 8962?
100
For math errors due to the 8962, this letter is sent to the taxpayer.
What is 12C?
200
To verify or input coverage exemption data for a taxpayer, this tool should be used.
What is 8965 Tool?
200
MEC
What is minimum essential coverage?
200
This function may hold part of the refund that involves the PTC?
What is Exams?
200
Aye, I'm just trying to fill out this 8962 by looking at one of 3 tables to figure out the FPL which stands for this.
What is the federal poverty line?
200
The net premium tax credit claimed on the 2016 Form 1040 is reported on this line.
What is line 69?
300
Use this calculator to compute/verify the premium tax credit claimed for a taxpayer.
What is 8962 Calc Tool?
300
APTC
What is advance premium tax credit?
300
When using the 8962 Calc Tool, you must send the case to CAT-A if the exposure amount is at least this amount.
What is $2000?
300
Aye, I'm just tryin' to figure out if I got to payback any of the APTC. If the HHI percentage is this amount or above then you have to pay it all back subject to the payback limitation amount, d-d-d-d-d-dork!
What is 401%?
300
NOW HOLD ON BIG FELLA, I NEED YOU TO READ ALL 74 PGS OF THIS PUBLICATION IN 2.5 SECONDS TO LEARN ALL ABOUT THE PREMIUM TAX CREDIT. *BONUS* WORTH +900 IF CORRECT, WORTH -300 IF WRONG.
What is Publication 974?
400
8962 PTC Cal, 8965 Tool and Search CDR Data are found under this subsection of AMS.
What are ACA Tools?
400
CDR
What is Coverage Data Repository?
400
Name one of the 3 three freeze codes that could result from a missing or incorrect Form 8962.
What is -L, -G or -E?
400
Look, I'm just trying to read this payback limitation table. The limitation is based on these filing statuses.
What is single and any other filing status?
400
True or false: In order to claim the PTC, you have to file a tax return even if you don't have a filing requirement.
True.
500
This search type is the most common one used to search the CDR Data Tool.
What is TIN 8962/8965?
500
SLCSP
What is second lowest cost silver plan?
500
Besides exams, this function (program) can also hold part of the refund associated with PTC.
What is AQC?
500
Aye, I'm just trying to see if compliance is holding the PTC portion of the refund for this taxpayer . If so, the account would have this transaction code.
What is TC 810?
500
I need you to do 5000 PTCX returns in 1.8 seconds and then tell me what Moses's favorite ice cream flavor then give the reason code used to adjust the excess advance PTC Repayment. (Ok just give me the reason code then.)
What is RC 152?