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Application of the Patient Protection and Affordable Care Act (PPACA)

 
 
Duration: 100 minutes
Course Level: Intermediate
Prerequisite: Basic knowledge of income taxation
Advanced Preparation: None
Delivery Method: Self-Study 
 
CPE Credits Designation Field of Study
IRS * 2 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 2 CRTP Federal Tax Law Topic
CFP Board 2 CFP® Income Tax Planning

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

Fees: $52 for Members and $64 for Nonmembers
 
Summary
The Patient Protection and Affordable Care Act of 2010 has many complex issues. This webinar explains the basics of the employer health care mandate and the impact of maintaining minimum essential health care coverage, which take effect in 2014, and the penalties for failing to comply. Also covered will be the additional 0.9% hospital insurance (HI) tax, the 3.8% Medicare contribution tax and other provisions taking effect in 2013. This on-demand webinar educates tax professionals so they can help their clients plan for the changes initiated by the Affordable Care Act.

Objectives
Upon completion of this on-demand webinar, you will be able to:

  • Define terms necessary to understand the employer health care mandate.
  • Identify the requirements an employer must meet to be subject to the rules of the employer healthcare mandate.
  • Analyze when an employer is subject to a penalty (also referred to as “excise tax”) and how to calculate the penalty.
  • Advise employers of their responsibility to withhold tax for their employees when compensation exceeds certain thresholds.
  • Calculate the Medicare contribution tax for those individuals subject to the tax.
  • Discuss the change in medical deductions and the exceptions for 2013.

Presenter: Steven (Steve) O'Rourke, EA

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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