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Use Data Mining for Affordable Care Act taxes

The Affordable Care Act (ACA) introduced 2 new taxes that certain higher-income taxpayers should know about: A 3.8 percent Medicare contribution tax on unearned income (also known as net investment income) over certain threshold amounts and an additional 0.9 percent payroll tax assessed on earned income over the thresholds.
Data Mining in UltraTax CS includes several pre-defined searches related to the ACA including clients who are subject to the additional Medicare tax, have additional Medicare tax withholding amounts, qualify for the Premium Tax Credit, have full-year coverage, have a health care exemption, are subject to the net investment income tax, and more.
Data Mining also includes many pre-defined individual client letters that you can mail or email individually or en masse for estimate reminders, tax law changes, tax planning services, and cross-selling services, or you can create your own user-defined versions to continue building on the client relationship by adding other services after the tax season.

Tax planning tools

Analyze tax strategies and easily communicate results with the comprehensive Planner CS. You can review many tax strategies for multiple years, from simple to complex, such as strategies to minimize your client's tax liability or avoid alternative minimum tax and easily analyze tax planning needs for your clients.

Advanced training

UltraTax CS Productivity Tools web training course includes a demonstration on how to run searches with the powerful Data Mining feature, so you can easily target groups of your clients for tax planning opportunities, tax law changes, cross-selling of services, and announcements.

This article applies to:

  • Product: UltraTax CS
  • Subject: Data Mining
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