| CPE Hours: 2 (
Federal:2
) |
Publication Date: 06/30/2010 |
Cost: $20.00
|
Level: Intermediate |
Author:
Lee Reams |
|
Prerequisites: Basic Understanding of Tax Preparation
Delivery Method: Self-Study
New Rules for Continuing Professional Education HoursThis course examines the various provisions of the 2010 Health Care Legislation that impact individuals and small businesses. The material is presented in chronological effective date order beginning with the 2009 retroactive provisions and continuing through to 2018. This course is a must for all practitioners who need to understand what is effective now and what is to come later so clients can be aware and prepare for future health care liabilities and failure to comply penalties.
Final Exam Grading Policy: Course material must be completed within 12 months of purchase. A score of 70% or better is needed for passing. The completion certificate will be automatically generated by the system.
This text is divided as follows:
Provisions Retroactive to 2009 2
Student Loan Forgiveness for Health Professionals 2
Investment credit for therapeutic discovery projects 2
Provisions effective in 2010 2
Tanning services excise tax 2
Excludable Medical Reimbursements for Older Children 3
Self-Employed Health Insurance Deduction 3
Codification of Economic Substance, Imposition of New Penalties 3
Tax Credits for Small Employers Offering Health Coverage 4
Adoption Credit Limit Raised, Made Refundable and Extended 6
Provisions effective in 2011 7
Employer W-2 Reporting Responsibilities 7
Increased Tax on Nonqualifying HSA or Archer MSA Distributions 7
Over-the-Counter Medication Restriction for Employer Plans 7
Review Questions – Part One 8
Small Employer Simple Cafeteria Plans 10
Provisions effective in 2012 11
Information Reporting Required for Payments to Corporations 11
Provisions effective in 2013 11
Additional Hospital Insurance Tax – High-Income Taxpayers 11
Surtax on Unearned Income 12
Employer Flexible Health Spending Plan Contributions Limited 13
Medical Itemized Deductions Limited 13
$500,000 Compensation Deduction Limit for Health Insurance Issuers 13
Provisions effective in 2014 13
Penalty for Not Being Insured 13
Premium Assistance Credit 15
Free Choice Vouchers 16
Large Employer Health Coverage Excise Tax 16
Provisions effective in 2018 18
Excise Tax on High-Cost Employer-Sponsored Health Coverage 18
Review Questions – Part Two 19
After completing this course, the student will be able to assist clients in adapting to and planning for the many currently applicable and future effective tax provisions of the 2010 Health Care Legislation.
CTEC
NASBA
IRS - Enrolled Agents
